| Through consolidation of your college loans, you can | | | | When consolidating your student loans, you'll find that |
| reduce the number of payments you make each | | | | you have options in setting up your repayment |
| month into one manageable consolidation loan. Benefits | | | | schedule. In most cases, you can choose a term for |
| to consolidating college loans include flexibility in | | | | the new loan of 10 to 30 years. With a longer term, |
| structuring payments, and saving money by having a | | | | such as 20 years or more, the amount you'll pay each |
| low fixed interest rate. | | | | month will be less. However, the total amount over the |
| Student loans are no doubt a terrific way to pay for | | | | life of the loan increases with the length of the |
| your education, but of course they need to be paid | | | | repayment period. |
| back. With smart management of your student loans, | | | | In many cases, you can even choose to pay less per |
| this can be very easy and affordable. | | | | month in the early stages of loan repayment, and then |
| Although your earning potential will be greater when | | | | pay a greater amount once you are making better |
| you graduate from college, you may find that your | | | | money down the road. |
| starting salary isn't as much as you had hoped. This | | | | Consolidation of student loans can be a great way to |
| can lead to shortages in your budget when you are | | | | simplify your finances, and help you keep on top of the |
| paying for living expenses, along with repayment of | | | | monthly payments, especially when you're just starting |
| your student loans. If this sounds like your situation, | | | | out as a new college grad. |
| consolidating your student loans is a good idea. | | | | |