|
|
|
|
Home / Finance / Credit / Debt Consolidation
The Time To Consolidate Your Student Loans Is Now
By:Tim Knox
I don't know if you're a fan of financial guru and radio show host Dave Ramsey, but I certainly am.
I listen to Ramsey every day and find his advice to be based on common sense principles for getting out of debt and building wealth.
One thing that Ramsey recommends is that if you have high interest student loans, you should refinance and consolidate them now to lock in a reduced interest rate and lower your monthly payments.
Other financial pundits agree. Most agree with Ramsey that the sooner you consolidate and refinance old high interest student loans, the better off you will be.
I don't have student loans (no college would have me :o), but many of my friends do.
I live in a very high tech area with lots of degreed engineers and programmers and scientists, many of whom owe tens of thousands of dollars in old school loan debt.
If you have student loans the time to think about refinancing is now.
Federal student loan interest rates are at an all time low, but that can't last forever.
By refinancing your student loans now, you lock in the interest rate for the duration of the consolidation loan.
The first thing you need to do is find out if you are eligible for student loan consolidation.
On a referral from a friend, I found one online organization that offers a free survey that will tell if you are eligible for a federal student loan consolidation.
This organization says their average customer saves $150 a month or $1,800 annually. That can add up to one heck of a savings over the life of a 5 to 10 year loan.
Simply complete the online survey found at the link below to see if you are eligible to consolidate your student loans.
Article Source: http://www.dailynewarticles.com
Tim Knox Entrepreneur, Author, Speaker www.prosperityandprofit.com www.dropshipwholesale.net www.smallbusinessqa.com www.timknox.com
More Articles from Debt Consolidation Category:
Debt Free Living
Personal Debt Consolidation Loan - Explore Your Options
Debt Consolidation or Debt Settlement?
How you Can Save Money with a Debt Consolidation Loan
Credit Card Debt Consolidation Review
Is Your Credit Card Debt Monster Eating You Alive?
Home Owner Debt Consolidation Loans can Boost Your Credit Score
How Student Loan Debt Consolidation can Save you Money
Finding the Best Secured Debt Consolidation
Help on Debt Consolidation
Get Organized with Debt Consolidation
Debt Consolidation Lets You Make a Single Payment to Numerous Creditors
A Debt Consolidation Loan can be the Way out for You
Accelerate Your Repayments with Online Debt Consolidate Quote
Debt Consolidation Refinance Loans can Lower your Debt
|
|
