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School Loan Consolidation has become a common practice for students who are within six months of graduating or have already graduated from college. Update: Federal consolidation allows past students to consolidate outstanding school loans into a single school loan to repay. The first plact to start for consolidating Federal school loans is the official Ed.gov Loan Consolidation page.

 

 

Federal Consolidation Loans, which are endorsed by the US Department of Education, can lower your monthly monthly payments as it combines all of your existing loans in to a
new, lower fixed rate. Interest rates traditionally change the 1st of July, every year. Speak with a Financial Aid Officer before applying for ANY type of consolidation loan. Interest Rates are different for private school loan consolidation because they are credit based, as are college student credit cards for students
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