| As you get closer to graduating from college, you | | | | The other type of deferment is known as |
| may be wondering what you are going to do with | | | | educational deferment. This means that if you go |
| those private student loans that you have. Perhaps | | | | back to school and you are attending college at least |
| you've been receiving consolidation materials but you | | | | part time, you don't have to pay on your loan. While |
| aren't quite sure what the best options are. Well, | | | | many private loans offer educational deferment, not |
| here is a look at how these loans usually work and | | | | all do, so you should check to find out the deferment |
| the best options that you have available to you | | | | terms of your own lenders. |
| when it comes to consolidation. | | | | After you graduate from college, you may have the |
| First of all, you may have some deferment time on | | | | ability to consolidate those private loans. This allows |
| those loans. There are two different types of | | | | you to consolidate them into one large loan that has |
| deferments available on private student loans. There | | | | the same interest rate and only one payment to |
| is regular deferment when your loans continue to | | | | worry about. In some cases you may be able to |
| accrue some interest, but you don't have to make | | | | consolidate with a lender you already have. However, |
| any payments. If you need to get your finances all | | | | you may want to consider other private lenders as |
| figured out, this can be very helpful. Usually you can | | | | well for consolidation, looking for the best terms and |
| get this type of deferment for some period of time | | | | rates on those loans. |
| after you graduate from college. | | | | |