STUDENT LOAN CONSOLIDATION – LONGER REPAYMENT PERIOD AND LOWER MONTHLY PAYMENTS
Student loan consolidation allows you to consolidate or combine several educations loans into the one loan. Student consolidation loan combines several student or parent loans into one larger loan from a single lender, which is then used to pay off the balances of the other or older loans. They provide you an ease of paying back the loan in alternative repayment plans and make monthly payments more convenient. Consolidation loans are available for most federal loans. Some lenders also offer private consolidation loans for private education loans as well.