Pros and cons of consolidating federal student loans speed dating in plymouth ma
For the most part, student loan consolidation is a good move for many graduates.
It makes the payments more manageable, and if you plan your repayment strategy (without keeping the loan until term), you can save money overall.
When I finished my graduate degree, I had five different student loans for attendance at two different universities, with various interest rates.
You have the advantage of a lower interest rate and a manageable payment.
Then, when you can afford it, you can boost your efforts to repay your debt.
Since my student loan interest rate is so low, I am reluctant to speed up its repayment; investing my money offers returns that beat my low, low student loan rate.
I’m more inclined to focus on my husband’s student loans than my own, since he has a higher rate.
But you have to do the research to make sure it is the right choice for you.