| So you've finished college and decided to consolidate | | | | Additionally, you can also choose a variable or |
| your loans into one monthly payment. Great! | | | | adjustable student loan consolidation rate. This type |
| Consolidation will help you pay off your student loans | | | | interest rate will fluctuate as the federal rate |
| while maintaining manageable monthly payments. Next | | | | changes. In some cases this can be great for you |
| it's time to make a decision about student loan | | | | because your payment could drop significantly. |
| consolidation rates. | | | | However, by the same turn, it's also possible that |
| When it comes to student loan consolidation rates, | | | | your payment could also be increased significantly if |
| there are two types you can choose from which | | | | the federal rates go up. |
| both have pros and cons. You can either choose a | | | | Basically, it's really a gamble when you chose a |
| fixed interest rate or a variable or adjustable rate. | | | | variable interest rate. It could work out great for you |
| Fixed rates are great because they are pretty much | | | | however on the same token it could turn out to be a |
| set in stone. This takes the guess work out of what | | | | bad decision. |
| your loan payment will be each month. | | | | Ultimately, when deciding on student loan |
| It will always be the same so you don't have to | | | | consolidation rates, it comes down what's most |
| worry about any bad surprises. That's the upside | | | | important to you. If you're willing to gamble a little in |
| when it comes to fixed interest rates. However, this | | | | order to get a great rate why not try a variable |
| same thing can be a downside. Let's say interest | | | | interest rate. However, if you need a consistent |
| rates are cut significantly. If you choose a fixed rate | | | | interest rate with no surprises, it's best to go with a |
| you won't be able to benefit from the rate cut. | | | | fixed rate. |