| OK in this episode I'm going to talk about what is a | | | | Availability of low rates is one benefit that student |
| federal college loan. Probably you are going to start | | | | borrowers get when merging loans during the |
| going to college or you may know somebody who is | | | | prescribed honeymoon period. if you decide on |
| going to start attending. Here are some things I | | | | deferring consolidation and sign up for merging on |
| found out, when it comes to Fed loan consolidation | | | | your Fed loans after the honeymoon period, higher |
| programs, many student borrowers must know that | | | | IRs will then be employed in arriving at the rate to be |
| there are certain cut off dates, almost all of the time | | | | used for the loan consolidation programs. |
| tricky and stressful, imposed on it. It is different to | | | | So it's only advisable that one combines his study |
| the normal personal and Fed loans, in which you can | | | | loans in the prescribed honeymoon period to avail of |
| make an application for them anytime if you'd like. | | | | the lower fixed IRs for his study loan consolidation |
| But with the consolidation of government student | | | | and get corresponding low standard payments. If |
| loans, you've got to make some major | | | | you're indeed decided in consolidating your college |
| considerations. | | | | student loans, even if such loans are being paid back, |
| First off, it must be noted that ideally, federal college | | | | merging them is certainly authorized and may be |
| loan consolidation programs should be got by the | | | | financially valuable to you. This is the reason why |
| coed borrowers in the introductory period. In this | | | | when you make an application for student loan |
| time, the significantly lower loan IRs will be applied. | | | | consolidation programs in the honeymoon period the |
| This may help in guesstimating the average fixed | | | | rates on your Fed loans are fixed while the rates are |
| rate of interest to consolidate federal loans. | | | | still in a low level. |