Can Unemployed Graduates Solve Their Student Loan Problem During Recession?
The financial crisis hit the whole world badly. Since last year, many fresh graduates have been trying extremely hard to get themselves jobs in this economy. As a result, there are too many recent graduates who totally can’t afford to make the payment for their student loans. If you are one of the “victims” in the group, don’t be panic! There is a proactive approach that can help to solve your current problem. It is possible for you to consolidate all of your student loans into one loan. By having loan consolidation, you not only reduce your interest rates and your monthly payment, you can also extend your loan repayment period. There are 2 main types of study loan consolidation programs currently, i.e. federal and private student loan consolidation. All the companies that are providing loan consolidating services for both programs are regulated by federal and state law. However, the consolidation rates vary from one company to another. If you have both federal and private study loans,
