Home Distance Learning University American College Of Sports Medicine Programs Good Law Schools Successful College Careers Devry University Walden University Guide to Western Michigan University Choosing An Online Private College And University Online Universities - Certificate Programs in Business American College Of Cardiology College Financial Aid - Stacking the Odds in Your Favor Cheap student loans Chiropractic Universities - Teaching Doctors of Tomorrow Scholarship Search - Know Where to Find Scholarships Free Online High Schools Homeschool High School MBA Degree Programs Virtual Classrooms Of New Age Education System Online Distance Education - 4 Steps To Get Started The Benefits of Accredited Online Bachelor Degree Programs Computer Degrees Online - Programmer Jobs How Distance Learning Can Enrich Your Life Distance Learning Degree Program College Students Having Academic Difficulties AMERICAN COLLEGE OF CARDIOLOGY Medical Transcription Training Choosing An Online Private College And University How To Find Low Interest Student Law Loans Student Loan Consolidation Program COLLEGE FINANCIAL AID 20 Secrets To Surviving In Your First Semester At University or College Tips For Making Top Grades College Fast Track How To Earn 30 Credits In 30 Days GRADUATE PROGRAMS Graduate Degree Programs Graduates! Transferable Skills Are Like GOLD To Employers How to Learn Spanish Fast Colleges - Universities - Sleep Deprivation and Mind Control How Do We Learn How College Professors Can Check For Plagiarism Game Designer Education Internship College Cheap Text Books Big Ten Conference Universities Introduction to the Online Master's in Nursing The Advantages To An Online LPN Nursing Program Study in USA, Get A Student Visa (F-1 Visa) - For International Students Top Five Florida Colleges and Universities Higher Education in Minnesota State The University of Warwick Colleges, Universities and the Entrepreneurial Mind Set Accelerated Nursing Programs Criminal Justice Degree Careers Management Schools ACT Or SAT Practice Test CLEP Exam Learning Environment Chicago Architecture

Student Loan Consolidation Program

After I graduated college I had a mountain of debt. I had 4 different student loans all due at different times during the month. I was barely able to make all the payments, never mind remember when each one was due. When I first graduated it was also hard to find a good paying job right away. This made my stress level quite high as I didn't know how I would ever be able to pay off these loans. Fortunately I found a good student loan consolidation service which made my life a lot easier.

A good student loan consolidation service can reduce your monthly debt by as much as 60%. The interest rate and repayment times are all dependant on your credit rating and monthly income. I cut my monthly debt by around $400 when I consolidated, and it really helped me to start saving money.

One of the reasons you can save so much money is because you can choose to lengthen your repayment time by as much as 30 years. Even without an interest rate reduction, you should be able to save at least 40% on your monthly payments this way. The other thing I liked was that I didnít need to think about 4 different bills every month with 4 different due dates. All I had was one easy payment a month. What a great way to start fresh after college. Once I got a good job I was able to make larger monthly payments and pay my loan off early!

When I consolidated my student loans my income to debt ratio also went down. If you donít know your income to debt ratio is very important to banks when deciding if you qualify for a loan or not. Letís say that you make $4000 a month and you have $2000 a month in bills. Your income to debt ratio would be at 50%. Most banks like to see your income to debt below 50% when deciding if you qualify for a loan and at what interest rate. Student loan consolidation services can reduce your income to debt ratio. ©2021.