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  • Will You Add? - Consolidation - Student Loan Pros vs Cons

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    As with anything, there are advantages and disadvantages to the Consolidation of Student Loans. Fortunately for most college graduates, the advantages far outweigh the few disadvantages of consolidating student loans as you will see below.

    The number one aspect of consolidating that most grads feel is a disadvantage is the fact that in doing so you are extending the life of your loans. So even if you can secure a loan at a much lower interest rate than what you are currently paying on your individual student loans, by extending the life of the loan to say, a 15 year loan compared to what you have now, you'd still pay out quite a bit in interest over the years. (side note: if you

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    advantages far outweigh the few disadvantages of consolidating student loans as you will see below.

    The number one aspect of consolidating that most grads feel is a disadvantage is the fact that in doing so you are extending the life of your loans. So even if you can secure a loan at a much lower interest rate than what you are currently paying on your individual student loans, by extending the life of the loan to say, a 15 year loan compared to what you have now, you'd still pay out quite a bit in interest over the years. (side note: if you

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    dating that most grads feel is a disadvantage is the fact that in doing so you are extending the life of your loans. So even if you can secure a loan at a much lower interest rate than what you are currently paying on your individual student loans, by extending the life of the loan to say, a 15 year loan compared to what you have now, you'd still pay out quite a bit in interest over the years. (side note: if you
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    ure a loan at a much lower interest rate than what you are currently paying on your individual student loans, by extending the life of the loan to say, a 15 year loan compared to what you have now, you'd still pay out quite a bit in interest over the years. (side note: if you
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    loan to say, a 15 year loan compared to what you have now, you'd still pay out quite a bit in interest over the years. (side note: if you are planning to consolidate your student loans find out why you need to do it BEFORE July 1st 2006 go to http://How2Consolidate-Student-Loans.com/Why_You_Need_To_Consolidate_Before_July_1st!.php before it's too late!)

    However, that being the only major disadvantage to consider, let's look at the advantages of consolidating student loans shall we?

    1) The most common advantage and reason for consolidation is to lower the overall monthly payments in order to have more cash on hand each month for other things such as rent and entertainment yo

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