When is the Best Time to Consolidate Student Loans?

There is no better time than to consolidate student loans. Consolidating or refinancing student loans can basically save borrowers up to 52% on their current loan payments so most people are anxious to consolidate as soon as feasible.

Lots of students take out subsidized & unsubsidized Stafford loans every year of college – a total of 8 different loans, all accruing interest at a variable rate, & all showing as open & unpaid lines of credit on credit reports. Lots of students also take additional loans throughout their college years such as Perkins loans & various industry specific loans, further … Read the rest