student loans debt consolidation

Consolidation of Debt and Student Loans By: Vanessa McHooley So you have finally got the degree, but were you surprised with what came along with it? A pile of debt and student loans that need to be paid back starting very shortly after college! Whether it is a Federal PLUS Loan or a loan obtained from your local bank, chances are that a college graduation also brings collection agencies to your mailbox, as everyone wants to be paid back for helping to provide you with a college education. But, while you are writing out all these checks to different loan agencies, have you considered and thought consolidation through yet? Better, yet, do you even know what consolidation is? How Consolidation Works The consolidation of your student loans can save you hundreds and thousands of dollars in the long run when it comes to your student loan debt. Here is how it works: When you applied for those student loans from different government agencies and loan companies way back when, they each gave you a different interest rate and payment plan for eventually paying them back. Consolidation takes all of these different loans, repackages them into one convenient loan, and then gives you the ability to pay one loan back over time. Therefore, if you owe 5 different companies payments for your student loans and debt, consolidation allows you to now pay just one central company back, thus saving you time and money with a lower interest rate and less checks to write each month. How Consolidation Helps Consolidation of your student loans can happen right away, as you can visit different loan companies that offer consolidation after college and start saving money right away. Consolidation combines all of your debt into one neat and tidy bill that can be paid off much easier and in a more timely fashion than other options. Why deal with the baggage of 4 or 5 different loan companies nagging you for money, when you can pay one company off and live without that constant hassle? Check out consolidation today, and save yourself from the headaches of student loan debt. This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn about Consolidation of Debt and Student Loans at www.NextStudent.com .

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• Why You Should Consolidate Your Student Loans (Wellsville Daily Reporter)
  (ARA) - Graduation is just around the corner for thousands of students, and shortly after they walk down the aisle, many in the Class of 2006 will find themselves facing hardships they didn't anticipate when they began the pursuit of their degree.

• It’s time to save on student loans (Lawrence Journal-World)
  Class of 2006 college graduates, listen up. It’s been almost six months since you left school, and you haven’t had to pay a penny on your student loans.

• Weigh options carefully when repaying student loans (Baltimore Sun)
  With the cost of higher education soaring every year, students often are forced to take out substantial federal student loans. And many are unprepared to write those checks when it comes time to pay back that debt.

• Student loan options (The State)
  Having trouble repaying your federal student loans? Here are some of the options that can lower your monthly payment. Remember, though, plans other than the standard one could increase the length of payments and total interest owed.

• Hard Lessons On Student Loans (Hartford Courant)
  Some Who Borrow Substantial Sums Default; Others Stretch Out Payments, Adding Interest With the cost of higher education soaring every year, students often are forced to take out substantial federal student loans. And many are unprepared to write those checks when it comes time to pay back that debt.

• Consolidation countdown for student loans (The Indianapolis Star)
  Class of 2006 college graduates, listen up. Graduates typically have a six-month grace period after leaving school before their first student loan payment is due. Soon the reality of all that debt will set in.

• Struggling to repay college loans? (The Santa Rosa Press Democrat)
  With the cost of higher education soaring every year, students are often forced to take out larger federal student loans. Half of all college graduates with loans owe $19,300, up from $12,000 a decade ago. And many are unprepared to write those checks when it comes time to pay back that debt.

• Students get hard lessons on loans (Chicago Tribune)
  Many unprepared when time to pay With the cost of higher education soaring every year, students often are forced to take out substantial federal student loans. And many are unprepared to write those checks when it comes time to pay back that debt.

• Michelle Singletary: First student loan payments about to come due (The Shreveport Times)
  Class of 2006 college graduates, listen up. It's been almost six months since you left school. During this time, you haven't had to pay a penny on your student loans. That, as you know, is about to end.

• Now's The Time To Consolidate Student Loans (The Tampa Tribune)
  Class of 2006 college graduates, listen up. It's been almost six months since you left school. During this time, you haven't had to pay a penny on your student loans.

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