Consolidating stafford and perkins loans
If you have ever thought about consolidating your student loans, now is the opportune time.
Consider the following benefits of student loan consolidation to help you make a decision.
The end result is that you have only one student loan to pay on.
For most college students, student loans are a normal way of financing their college education.
This is just like loan consolidation for regular loans.
Some students may have multiple loans from different lenders.
Making monthly installment payments to many different lenders can be confusing and lead to problems such as missed payments or late fees, not to mention being reported to your credit file.
Requirements vary depending on the type of loan, but most offer forgiveness for those employed in certain public-service occupations.
Let's look at various options for dealing with student debt: discharge, forgiveness, repayment, debt consolidation – and finally, the worst that can happen if you simply don’t pay.
But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.