Student Loan Consolidation FAQ

The main reasons to consider student loan consolidation are:

• Potential for lower monthly payments
• Fixed interest rate
• Only write one check for various loans
• Potentially flexible payments during hard times

Depending on your circumstances, these may or may not be that interesting to you. If you’re not worried about rising interest rates, for example, then you might not care about getting a fixed rate. Likewise, if you’re making your payments without any difficulty, you might have no need for lower payments.