Benefit of consolidating student loans


19-Dec-2017 06:30

A consolidation loan is just what it sounds like: You can take two or more outstanding loans and refinance them into one.

benefit of consolidating student loans-65

effective online dating com

But if interest rates are low you can lock in long-term savings, since less of your money will go to interest.

You can get a consolidation loan from any private lending institution with government approval, or from the Department of Education itself. Some offer favorable terms like interest-rate reduction for making on-time payments or choosing automatic withdrawal; others may offer repayment plans that better suit your financial situation.

Fin maintains a list of student loan institutions, including large banks; private companies like Sallie Mae; and state education system lenders like the Missouri Higher Education Loan Authority and the Utah Higher Education Assistance Authority.

The interest rate on your consolidation loans is the weighted average of the interest rates on the loans you have now, rounded up to the nearest 1/8 of a percent and capped at 8.25 percent. You can get help doing the math with an online calculator at the Federal Direct Consolidation Loans website.

Click on “Borrower Services,” then “Online Calculator.” Interest rates are determined by the federal government and change each year on July 1, so check with a lender to get their take on possible rate fluctuation.

The downside is that your grace period will end once your consolidation loan goes through.



Such spying falls into a gray legal area, but once it goes onto a mobile device, it clearly intrudes on privacy outside of the work space. Corporate spying also facilitates insider trading, where the "insider" gains privileged access to your webcam, mobile camera or microphone.… continue reading »


Read more

You can make judgments as to whether you think that individual is lying or telling the truth, if you are good at telling that from facial expressions.… continue reading »


Read more

All she needs to do to maintain my interest is…be awesome. It's hard to get the sense that I'm getting to know someone when I'm tasked with doing all the talking.… continue reading »


Read more

For this cause, you can be sure you will receive good value for the money you pay.… continue reading »


Read more

If so, your partner may be using what mental health professionals call “gaslighting.” This term comes from the 1938 stage play , in which a husband attempts to drive his wife crazy by dimming the lights (which were powered by gas) in their home, and then he denies that the light changed when his wife points it out.… continue reading »


Read more