Student Loan Consolidation

 by: Ken MacKenzie


Why Consolidate Your Student Loans?


It's January of your senior year and time to start thinking

about all those loans you took to help pay for college.

Between Stafford Loans, Perkins Loans and all the rest,

between subsidized and unsubsidized you begin to realize

that a year from now you will have run out of grace period

and have to start paying back all those loans. You're going

to be paying back eight different loans at eight different

interest rates and eight terms. It's time to start thinking

about a student consolidation loan.


A student consolidation loan could be worth it just to

simplify your repayment schedules. But more importantly, if

you can get a loan with a lower interest rate than you are

paying on your school loans, then you can save yourself

some money. If the consolidation loan extends the length of

your student loan payback term, then it may have the added

benefit of lowering the monthly payment now (when you

aren't making a large salary). You can always increase your

payments as your salary grows.


How to Consolidate Your Student Loans


After deciding to consolidate your student loans, the next

step is to figure out how to go about it. You may have

several choices of lenders, and what you choose could affect

the amount you ultimately pay. Choose carefully.


The Department of Education provides the Federal Direct

Consolidation Loans Program. Numerous states have student

consolidation loans, some for your federal loans and others

for your state loans. Then there are private lenders offering

consolidation loans as well. You might first check with your

current loan providers to see what they have to offer. They

may have a better deal for current customers.


  (continued...)

Student Loan Consolidation
  Page 2

About The Author


Ken MacKenzie is a successful writer and online entrepreneur. He has

developed http://www.college-loans.us as a portal

for presenting articles, information, resources, news and links

about college scholarships, grants and loans.


Copyright 2005, Ken MacKenzie http://www.college-loans.us


You have permission to publish this article in your web

sites, newsletters, ezines or electronic publications, as

long as the complete article is used including the resource

box, all links (clickable) and copyright information.







Additional Resources



category - Education Grants

National Science Foundation announces the Cyberlearning: Transforming Education Program
The Cyberlearning: Transforming Education is a program wherein the NSF will provide funding for research proposals that aim to explore opportunities associated with the promotion and assessment of learning techniques through the help of new technologies, taking advantage of the application of those technologies, and the utilization of those technologies in the process of promoting deep and lasting learning of content, practices, skills, attitudes, and dispositions that are essential in becoming an engaged and productive citizen.


What Are Title IV Programs and How Can They Help You Pay for College
The Title IV programs help college students save money and protects their rights, is a service provided by the government that is responsible for higher education to help prepare undergrads for the real job market after they graduate.


Government Grants that Help You Pay for College
There are many Title IX programs are used to help put undergraduates that cannot pay for college themselves through school. Many people do not know they can apply for grants such as the Pell Grant, because they assume they do not qualify or are simply unaware of their existence.


Educational Grants - Financing Your Education with State Assistance
The Leveraging Educational Assistance Partnership (LEAP) provides grants to States that can be used in financial assistance programs to help support eligible postsecondary students.







Social Entrepreneurship
Spotlight



Social Enterprise Teams with Global Tech to Empower Refugees


Entrepreneurial Refugee Network

TERN, a social enterprise that empowers refugees in the UK, is helping refugees set up their own business. TERN is turning to tech to help solve some of these issues.




Social Services Jobs in Colorado

  Education Jobs
  Human Services Jobs
  Social Work Jobs
  Social Services Employment
  Substance Abuse Jobs



Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2019 Copyright Michael Saunders