Information on Student Loan Consolidation

May 25th, 2009

Federal student loan consolidation is an assistance program set up by the United States Government to help assist those who have multiple loans that they are in the process of trying to repay. For example, if you have taken out a Federal Stafford Loan and a Federal Perkins Loan, and you have now graduated, you have a grace period of typically six months and then you will be responsible for paying back your loans. student loan debt consolidation Private loan consolidation through companies like Sallie Mae or Citibank are not controlled through a government mandate, which means the interest rates are likely to be higher. Also, you may not be eligible for the longer-term repayment schedule, which is a vital detail for some. 

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