Is consolidating your debt a good idea


12-Nov-2017 07:39

Today, the answer to that question is probably yes!

7 out of 10 graduates are now graduating with some form of student loan debt.

There may be pros to debt management programs – especially if it is your last option before declaring bankruptcy – but you should understand what is involved and know what to expect from the process.

Full comparison rate schedules are available from lenders.We put together this guide to help you get information on all of the top student loan refinance lenders without having to jump around multiple websites.After you are done, you will know how to refinance and consolidate student loans. You may now have a general idea of how to refinance student loans and how to consolidate student loans, as well as the basics of what each lender offers, but there is much more information you should know before choosing a lender.Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Representative example figures and monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered, excluding fees.

If the requirements above sound good, we think that you are a great applicant for student loan refinancing and consolidation.