Student Loan Consolidation

 by: Ken MacKenzie

Why Consolidate Your Student Loans?

It's January of your senior year and time to start thinking

about all those loans you took to help pay for college.

Between Stafford Loans, Perkins Loans and all the rest,

between subsidized and unsubsidized you begin to realize

that a year from now you will have run out of grace period

and have to start paying back all those loans. You're going

to be paying back eight different loans at eight different

interest rates and eight terms. It's time to start thinking

about a student consolidation loan.

A student consolidation loan could be worth it just to

simplify your repayment schedules. But more importantly, if

you can get a loan with a lower interest rate than you are

paying on your school loans, then you can save yourself

some money. If the consolidation loan extends the length of

your student loan payback term, then it may have the added

benefit of lowering the monthly payment now (when you

aren't making a large salary). You can always increase your

payments as your salary grows.

How to Consolidate Your Student Loans

After deciding to consolidate your student loans, the next

step is to figure out how to go about it. You may have

several choices of lenders, and what you choose could affect

the amount you ultimately pay. Choose carefully.

The Department of Education provides the Federal Direct

Consolidation Loans Program. Numerous states have student

consolidation loans, some for your federal loans and others

for your state loans. Then there are private lenders offering

consolidation loans as well. You might first check with your

current loan providers to see what they have to offer. They

may have a better deal for current customers.

  (continued...)

Student Loan Consolidation
  Page 2

About The Author

Ken MacKenzie is a successful writer and online entrepreneur. He has

developed http://www.college-loans.us as a portal

for presenting articles, information, resources, news and links

about college scholarships, grants and loans.

Copyright 2005, Ken MacKenzie http://www.college-loans.us

You have permission to publish this article in your web

sites, newsletters, ezines or electronic publications, as

long as the complete article is used including the resource

box, all links (clickable) and copyright information.




Additional Government Grants Resources


Children Youth and Families At-Risk Sustainable Community Project
The The National Institute of Food and Agriculture, in close cooperation with the United States Department of Agriculture, has established a funding opportunity to support the Children Youth and Families At-Risk Sustainable Community Project (CYFAR).


SunShot Concentrating Solar Power Research and Development Project
EERE has established a funding opportunity to support the SunShot Concentrating Solar Power Research and Development Project wherein it aims to fund revolutionary applied scientific research studies that will help develop highly disruptive Concentrating Solar Power (CSP) technologies in order to help meet the 6 cents per kWh cost target by the end of the decade.


Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
In accordance with this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program wherein it intends to home purchase loans at steady, below-market rates together with home improvement loans with no interest, all in an attempt to support homeownership and investment in selected Connecticut neighborhoods.


National Endowment for the Arts Literature Fellowships in Poetry
The Literature Fellowship program will offer $25,000 grants in poetry to published creative writers that are capable of writing literary pieces, conduct research, travel, and work towards general career advancement activities.


Uncle Sam's Money and How to Get a Micro Loan
The US Governement has a MicroLoan Program that provides small loans to new start-up companies, newly established businesses, or loans to help small business growth concerns. Under this government l...


The Basics of Finding a Loan for People with Bad Credit
If you've ever tried finding a loan for people with bad credit, you might think that it's impossible. Everywhere you turn, it seems as though there's nothing but rejection to be found. Don't give up,...


Urban Waters Small Grants Program
The United States Environmental Protection Agency has recently constituted the development of the Urban Waters Small Grants Program wherein it seeks to solicit project proposals from eligible applicants who wish to contribute to the improvement of water quality in urban areas.






Social Entrepreneurship
Spotlight



Using Crowd-Sourced Technology for Social Good


Crowd-sourcing is deemed an effective and useful tool to preserve and protect the earth’s species. As proof, the International Barcode of Life (iBOL) summons citizens around the world to collect samples to assist universities, natural history museums and research institutes.




Social Sector Jobs

  Foundation Related Jobs
  Executive Director Jobs
  Social Services Jobs
  Fundraising & Development Jobs
  Substance Abuse Jobs





More Federal Domestic Assistance Programs


Youth Conservation  | Mortgage Insurance Homes for Disaster Victims | Civil Rights and Privacy Rule Compliance Activities | Program of Protection and Advocacy of Individual Rights | Environmental Workforce Development and Job Training Cooperative Agreements |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2021 Copyright Michael Saunders