Many students are concerned whether consolidating their loans will affect their credit rating, and it does - in a positive way.Credit agencies use several factors to determine your credit score, here are a couple that are affected by your student loans.1. Number of open accounts:...
Consolidating
One of the benefits of a federal student loan is that after graduation you are given a six month grace period before you are expected to make payments. If you.
Although many people look back on the time they spent in college as the best years of their lives, and someday you might do the same, if you are currently.
A Consolidation Loan allows you to combine your federal student loans into a single loan with one monthly payment, which can be significantly lower than the payment required under the standard 10-year repayment option. Under the Federal Family Education Loan (FFEL) Program, banks, secondary markets,...