http://www.aboutdebtrelief.com/debt-consolidation/student-loan-debt-consolidation/ Student loan debt consolidation can reduce your monthly student loan debt payment by as much as 50% or more. Read on to see if a student loan debt consolidation loan is right for you. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 When you graduate from college, it's likely you will make more money than you ever have in your entire life. You'll think you're rich until you have to pay rent, utilities, a car payment, car insurance and maybe even student loan payments. Suddenly, you'll think you don't make nearly enough!! Welcome to the real world. Welcome to student loan debt relief. One way you can help yourself is to get a student loan debt consolidation loan. Student loan debt consolidation is a good idea for a variety of reasons: It bundles all of your student loans into one loan so you only have one payment You can get a fixed interest rate that's usually lower than the rates you are currently paying You'll reduce your monthly payment You can keep any benefits from your previous loans such as deferments or forbearance There are no fees to consolidate There's no prepayment penalty. Be sure to specify "Extra payment towards principal" on any extra payments. To qualify for student loan debt consolidation, you must have at least $10,000 in Federal student loan debt, and you must no longer be in school (hopefully, because of graduating). If you get married and your spouse has student loans too, you can combine your student loan debt with your spouse's and get a student loan debt consolidation loan to cover both. (One prerequisite is that each of you has to be able to qualify for a student loan debt consolidation individually.) The best time to take advantage of student loan debt consolidation loans is as soon as possibly after your graduation. This way, you start saving money as soon as possible. Does student loan debt consolidation sound too good to be true? It's not. The government just wants to get their money back, and they are making it as easy as possible for you to pay them. Before you decide which company to use, do your homework by searching the Internet. You're also likely to find information about other types of debt consolidation that can be helpful if you need advice about credit card debt consolidation, personal debt consolidation and other debt consolidation programs. If you're considering student loan debt consolidation, act quickly. Federal student loan interest rates are scheduled to go up 2% in July 2006! Hopefully this information will be helpful to you. Feel free to check out the other links on our site for more information. Sat, 26 Jul 2008 15:00:00 EDT