Student Loan Consolidation

Price: 3.90

Getting out of debt: When we talk about college graduation, several promising life changes come to mind, like potential careers, independence, and new beginnings. However, while it signifies the start of something new, it also marks the beginning of something less enjoyable: the repayment of student loans.

The repayment of substantial student loans can be daunting for both students and their parents. According to the Public Interest Research Group in the US, the average debt among student borrowers is currently above $16,500. Graduates of public colleges and universities typically emerge owing more than $10,000 for their undergraduate years alone, while those in private institutions often owe around $14,000. Graduate-level students frequently owe more than $24,000, and students in medicine or law accumulate even more debt. The situation is especially tough for graduates amidst uncertain job markets and economic recessions.

With interest rates on all student loan programs now at record lows, there is no reason for graduates not to consider student loan consolidation. It is often said that student loan consolidation can help students and graduates save thousands of dollars in interest charges.