Today it seems hard to find someone who doesn’t have student loan payments. A few years ago the amount of student loan debt in America rose about credit card debt for the first time. The payments can be steep, and the monthly regimen of making sure payments are going to the right lender for the right amount and at the right time can be truly difficult. The good news is that there is a way to organize your student loans. The method is through a student loan consolidation program offered by the US Department of Education. The program allows borrowers to consolidation all of their student loans into one loan that requires only 1 payment per month, not several. ConsolidationNow.com wants to help you consolidate your student loans. Here are some of the benefits of student loan consolidation:
■ Standard Repayment Plan – A standard repayment plan lasts for 10 years and involves a fixed monthly payment that is calculated using the size of your loans
■ Extended Repayment Plan – An extended repayment plan lasts for 25 years and allows the borrower to choose between a fixed monthly payment or one that gradually increases over time.
■ Income Based Repayment – An income based repayment plan allows the borrower to only pay what they can afford based on their current income.
If you struggle every month to keep up with your student loan payments, lenders, and/or due dates then a student loan consolidation may be able to help. Wouldn’t it be easier to have a single monthly payment to think about every month? ConsolidationNow.com can help you find a repayment plan that is right for you and have you on your way to a student loan consolidation in no time. Just call our toll free number or fill out our free online application today for more information!