| Are you nearing graduation and you know that you | | | | you cannot afford to start paying on your student |
| will have to begin paying on your student loans in the | | | | loans. This is called deferment. You get 6 months |
| near future? Do you want to know all the options | | | | after graduation or you quit going to school before a |
| you have to help you repay these loans and build | | | | payment is ever due and if you still cannot afford to |
| good credit in the process? There are many things | | | | pay your loan payments, then you can extend this |
| you can do including college student loan consolidation | | | | period by up to 2 years with a deferment. This does |
| to help with repayment. Here are the options you | | | | not hurt your credit and will allow you to figure out |
| need to know about. | | | | how you are going to pay on your loans. |
| First, with college student loan consolidation you can | | | | Last, you also have the option to use a forbearance |
| put all of your loans into one payment each month. | | | | at any time during the loan payback. This comes in |
| This makes it much easier to manage and it will make | | | | periods of 6 months at a time and is used mainly for |
| it so that you only have one payment to deal with | | | | financial hardship or sudden unemployment. This |
| on a monthly basis. However, you need to be careful | | | | allows you to pause your payments and take 6 |
| and make sure you have all the same options with | | | | months at a time to find a new job or get things |
| the new loan as you do now and you need to make | | | | sorted out before you start paying on your loans |
| sure you get a good rate for your college student | | | | again. Make sure this is included when you do your |
| loan consolidation. | | | | consolidation. |
| Second, you also have another option to help out if | | | | |