Consolidating Student Loans

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Information about Consolidating Student Loans
Finance

Published on March 5, 2009

Author: fpcksc

Source: slideshare.net

Description

Student Created Presentation

Student Loan Consolidation

Consolidating Student Loans How When Where Benefits & Drawbacks

How

When

Where

Benefits & Drawbacks

How? Organize your debt Private vs. Government Loans Know your interest rates and the terms on the loan Credit Report Shop around

Organize your debt

Private vs. Government Loans

Know your interest rates and the terms on the loan

Credit Report

Shop around

When? Graduation or part-time enrolment Grace period During repayment Deferment Forbearance

Graduation or part-time enrolment

Grace period

During repayment

Deferment

Forbearance

Where? www.salliemae.com www.nextstudent.com www.studentlendingcorp.com www.nhheaf.com Your lender

www.salliemae.com

www.nextstudent.com

www.studentlendingcorp.com

www.nhheaf.com

Your lender

Benefits & Drawbacks Lower payments Less bills Lower interest rates Fixed vs. Variable Based on prime rate Longer terms Might not: Lower payments Offer lower rates Private vs. Gov. Two loans Longer terms

Lower payments

Less bills

Lower interest rates

Fixed vs. Variable

Based on prime rate

Longer terms

Might not:

Lower payments

Offer lower rates

Private vs. Gov.

Two loans

Longer terms

Useful Websites NextStudent.com Salliemae.com Glossary of terms Separated by needs Bankrate.com Calculators and interest rates

NextStudent.com

Salliemae.com

Glossary of terms

Separated by needs

Bankrate.com

Calculators and interest rates

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