Consolidating student loans after college

As mentioned previously, private programs differ from lender to lender and it's important to ask the right questions, including: Is the interest rate fixed or variable?

A fixed rate will not fluctuate with the market or the federal interest rate, remaining stable throughout the life of the loan. Is there a penalty for early repayment of the loan consolidation?

Borrowing has a paradoxical component that can be particularly confounding as you launch your quest for college funding.

If you do not have established credit, as is the case with many new borrowers and college-aged students, it can be difficult to secure a loan.

Although you may select or be assigned a repayment plan when you first begin repaying your student loan, you can change repayment plans at any time—for free.