student loan consolidation is a practical repayment tool that combines your student loans into one loan master, significantly reducing your monthly payment
sure to carefully examine the consolidation loan ' best option for you. While loan consolidation can simplify loan repayment and reduce monthly payment, it also can significantly increase the total cost to repay the loans. Consolidation offers lower monthly payments, giving you up to 30 years to repay the loans. But, if you increase the length of the repayment period, You can also make more payments and pay more in interest than they would otherwise. In fact, in some situations, consolidation can double total interest cost. If you do not need help monthly payment, you should compare the cost of repaying unconsolidated loans against the cost of a loan consolidation.
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