Of consolidating student loans post dating a letter
Parent PLUS loans generally have higher interests of about 8.25%.
In many cases these options can save you a lot of money on a monthly basis.
A federal consolidation has income driven options (Income based, Income Contingent, Pay As You Earn, Revised Pay As You Earn) for borrowers dealing with low income or on a fixed income.
Next we are going to go over some of the benefits that student loan consolidation can provide to a student loan borrower.
And, provide more discussion on “why is consolidating student loans good.”Student loan consolidation can offer alternative repayment options.
Also, some servicers will allow you to have a lower interest by you opting into a auto payment plan. Student loan default can be a real serious matter if not addressed, Default happens when a borrower has when over 270 days without making a payment.