So, you are looking to consolidate your student loans? I bet they got a little too much right, it doesn't matter honestly, this exact same thing happened to me. You just have to know what you want and from there you can decide what to do. If you are still thinking about consolidating your student loans then read on.




When you consolidate your loans you get some great benefits. The main one os that you no longer have that mental worry hanging over you about whether or not you have paid a certain bill because all of them will be taken care of for you. You just have to pay one monthly bill and even that can be set up to be taken out of your banka ccount by direct debit.




Another huge benefit that many students overlook when considering debt consolidation is that you get a fixed interest rate most of the time for your debt. In more simple terms this means that you get given a pay back scheme that allows you to pay the exact same the first payment as the last payment. Most of the time, you actually have to end up paying varying amounts especially with crediting cards because they have variable interest rates which are terrible for knowing how much you are going to have to give to them each month.




The final huge benefit is that you get given a certain amount of time at the start of paying back your loan where you have to pay nothing. I used this as a time to reflect on my college life and think in which direction to move with my life next. It gives you the lack of financial pressure to move into that high paid job that you know that you will hate that most students have to go through.