Student Loan Consolidation
Federal Direct student loan consolidation is a very practical option of repayment that enables you to bundle all of the federal direct student loans you received to finance your college education into a single loan. Did you know that holding Federal Direct Student Loans such as the Direct Stafford Loan and Direct PLUS Loan means you are more likely to be approved for student loan consolidation than holding any other kind of loan? Student loan consolidation can really reduce the amount of your monthly payment. That's because student loan consolidation allows you to stretch your repayment period from the standard 10 years, to up to 30 years, (depending on the amount of your education debts). The lower payment means you'll have more money available to meet other household expenses, including car payments, childcare, and career affiliated expenses.
It's important to take whatever steps you can to reduce the amount that you're going to be paying off monthly for years to come, because the stress that will be associated with these monthly payments, may be overwhelming. So why not do what you can and strive for student loan consolidation so as your life afterschool will seem as normal as if you'd never taken a student loan. Don't let your payments get in the way of living a normal life.