Consolidation can aid students

  • McClatchy-Tribune News Service
  • Friday, May 7, 2010 7:35pm
  • Business

Student loans offer an invaluable avenue to help cover the cost of higher education. But they can also pose a financial burden on graduates after graduation.

One method for recent grads to deal with student loans is through loan consolidation.

Several college and university financial aid offices offer information about student loan consolidation. But you might find quicker answers regarding loan consolidation on the Web.

Here are a few Web sites that provide useful general and specific information on the subject:

American Education Services: www.aessuccess.org/manage/consolidate/faq.shtml. Uses question-and-answer format to shed light on student loan consolidation.

Credit.com: www.credit.com/products/loans/Student-Loan-Consolidation-Tips.jsp. Covers pros and cons of student loan consolidation.

Federal Direct Consolidation Loans Information Center: www.loan

consolidation.ed.gov. Click on “Borrower Services” to access student loan repayment information and access to the consolidation application process.

FinAid: www.finaid.org/loans/consolidation.phtml. Features wide range of topics related to consolidating student loans.

StudentLoansFor

College.org: http://studentloansforcollege.org/studentloans/10-best-student-loan-consolidation-tips/. Features 10 tips for student loan consolidation.

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