Student Loan Consolidation Hot Topics

Why Federal Loan Consolidation is Wrong for You

David E. Bonvie — Thu, 05 Nov 2009 16:51:18 +0000

Consolidation is not always the right move for students, yet they do it anyway. I believe the reason for this is because many students assume consolidation is just part of the financial aid process; that consolidation is the final stop on their debt filled journey. The truth, however, is that consolidation is not for everyone.

My Grace is Almost Up, When Should I Consolidate?

David E. Bonvie — Wed, 04 Nov 2009 15:57:05 +0000

Ah yes, the dreaded panic button has officially been pressed. Those of you who graduated in May are now approaching repayment at mach one speed.

My Grace is Almost Up, When Should I Consolidate?

David E. Bonvie — Wed, 04 Nov 2009 15:57:05 +0000

Ah yes, the dreaded panic button has officially been pressed. Those of you who graduated in May are now approaching repayment at mach one speed.

Service Deferment and Forgiveness

David E. Bonvie — Mon, 02 Nov 2009 18:25:39 +0000

When many college seniors graduate in May they will be facing a tough job market and student loan bills. Because of this, many soon-to-be college graduates are considering alternative post-graduate options. For students who decide to engage in post-graduate volunteer service there are a few student loan benefits.

Do Not Dig Yourself A Deep Debt Hole

David E. Bonvie — Tue, 27 Oct 2009 15:35:54 +0000

Try saying that five times fast! Do you know what happens when you do not make your student loan payments? Ideally you should take repayment into consideration before you sign off on a loan, however most people do not really think about it until the bills start coming in. The worst thing you can do is [...]

Consolidation Offers Hold for Grace Option

David E. Bonvie — Tue, 27 Oct 2009 13:09:30 +0000

Did you know when you consolidate your loans early, meaning right after you graduate, you do not necessarily need to begin the repayment process immediately? You can elect to do a "Hold for Grace."

Consolidation Gives You 72 Months of Loan Deferment

David E. Bonvie — Tue, 27 Oct 2009 00:06:06 +0000

If you want 6 years of deferment on your federal loans listen closely.

I am In-School, Can I Consolidate?

David E. Bonvie — Fri, 23 Oct 2009 13:54:18 +0000

If you are enrolled in school half time or greater as defined by your school are not allowed to consolidate your federal loans. You need to wait until you are out of school to consolidate. This is just one of the ridiculous rules you will uncover in the federal consolidation process.

When is the Best Time to Consolidate?

David E. Bonvie — Wed, 21 Oct 2009 20:04:37 +0000

The best time to consolidate varies from person to person. The reason this is not a black and white answer is because your loans, and the rates attached to said loans, may vary from the student to your left.

Federal Loan Consolidation is Confusing, Help!

David E. Bonvie — Thu, 15 Oct 2009 15:16:46 +0000

Here is a breakdown of how consolidation works in layman's terms. By the way I'm presenting this blog in layman's terms because I myself am a layman.