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

ENGAGE: Learning to Solve Problems, Solving Problems to Learn
The ENGAGE program is initially seeking to uncover proposals for innovative research studies that would lead young students to be more "engaged" in the fields of Science, Technology, Engineering, and Mathematics(STEM).

---

What Are Title IV Programs and How Can They Help You Pay for College
The Title IV programs help college students save money and protects their rights, is a service provided by the government that is responsible for higher education to help prepare undergrads for the real job market after they graduate.

---

Tribal Colleges Research Grants Program
In keeping with this mission, the National Institutes of Food and Agriculture has recently established the Tribal Colleges Research Grants Program in an attempt to conduct agricultural research studies that address high priority concerns of tribal, national, or multistate significance.

---

Grants From The Department of Justice
The DOJ was initially established to ensure the enforcement of the law and administration of justice, which is equivalent to the justice or interior ministries of other countries all over the world.

---

Financing Your Education - Federal Perkins Loans
The Federal Perkins Loan Program helps those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance with a low interest loan. The loan is in place to help them meet their educational expenses to the completion of a postsecondary degree.

---

Getting Money to Start a New Business
Starting a new business can be an exciting venture -- unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be...

---

Research to Advance Vaccine Safety Program
The Centers for Disease Control and Prevention has partnered with the National Institutes of Health and as a result, has developed the Research to Advance Vaccine Safety Program, wherein it seeks to obtain a more thorough understanding vaccine safety.

---