Pros and cons to consolidating student loans


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pros and cons to consolidating student loans-47

dating sites toledo oh - Pros and cons to consolidating student loans

If you’re struggling under the pressure of your student debt, you’re not alone.

According to the Institute for College Access & Success, 69 percent of seniors who graduated from public and nonprofit colleges in 2014 had student loan debt — to the tune of an average of $28,950.

Consolidation is a tool that can be deployed to get you out of default – and it can only be played once.

Refinancing is a whole new loan with completely new terms.

CONSOLIDATING STUDENT LOANS Let’s take a look at a few of the pros and cons of consolidating your student loans.