Is student loan consolidation a good idea?
Student loan consolidation can be a great option. With consolidation, you will be able to lock in one fixed rate and extend your loan term which will lower your payments. If you would like to learn a little more about consolidation, the U.S. Department of Education has a lot of information. (http://loanconsolidation.ed.gov/) Websites such as www.salliemae.com (Sallie Mae), www.cfsloans.com (Collegiate Funding Services), and www.collegeloancorp.com (College Loan Corporation) also offer information about consolidation, including applications. You may consider contacting your current student loan lenders. They will have information about consolidation as well.
