Student loans are two-edged swords. Without them, you couldn’t pay for
that degree you worked so hard for. On the other hand, without them, you might
actually get to keep the amount you pay out every month for yourself. You might
get to pay your other bills on time, afford a more reliable car, or find a
better place to live.
If repaying your student loans is challenging your budget, or worse,
putting your finances – and credit rating – in the red, you might want to think
about a direct student loan
consolidation.
With a direct student loan
consolidation, you exchange your outstanding student loans with their
higher interest rates for one loan with a more manageable, fixed interest rate.
A direct student loan consolidation
may be the answer to more than one problem. If you have struggled to meet your
monthly payments and in fact have used every option for deferment or
forbearance your current loans offer, or find yourself about to default on your
loan, a direct student loan
consolidation can mean a fresh start. A new loan is often a clean
slate.
