If you have a number of outstanding student loans, it may be easier to manage the debt if you combine them into one loan with one monthly payment. This is known as a student loan consolidation. After reviewing student loan consolidation rates, you can consolidate federal student loans that have variable interest rates and convert them into a fixed rate loan for a longer period of time. This can help you lower your monthly student loan debt obligation while ensuring that the payment will not increase because of a change in the interest rate.
Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.
|Jennifer Mathes, Ph.D.|