Consolidation: not your only repayment option!

Paying for College
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<p>Did you know that you could extend your monthly payments without consolidation? </p>

<p>Student loans are given a standard 10-year repayment term, but if you have more than $30,000 of Federal student loans (Stafford, Consolidation, GradPlus) you are eligible (by Federal guidelines) to extend your repayment term to 25 years no consolidation needed. With consolidation, the repayment terms are also contingent on the amount of Federal student loan debt, with a maximum repayment term of 30 years.</p>

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<p>yeah, but with the yo-yo effects of the changing interest rates…sometimes consolidation can save a student money. Extending payments doesn’t mean you are saving money…just increasing your overall repayment amount. Remember, for every additional year that your loans are unpaid…interest is accumulating.</p>