12.23.09 | The Gift of Consolidation
During the holiday season most people are reminded of how tight their monthly budget is and how quickly their paychecks disappears. If your student loan payments have left you with no money remaining to buy groceries, let alone Christmas presents, then this holiday season you should consider giving yourself the gift of student loan consolidation.
If you have two or more federal student loans you can consolidate them and cut your monthly payments by as much as 50%. However, that is not the only benefit. Consolidating will also simplify your life. Instead of making payments to two, three or even four lenders every month you will only have to make payments to one lender.There is no fee for consolidating your loans and there are no early repayment fees if you decide you want to put more money towards your loans down the line.
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