Lastly, a parent loan repayment calculator computes how much of the loan parents have to repay monthly or annually. However, students are not required to work with the lenders .[ Loan Consolidation provides detailed information on College Loan . Student loan consolidation increases the number of bills a consumer pays each month.If you consolidate your loans now, your new rate will be based on a weighted average of all your loans’ interest rates.So, for a simplified example, if you have two loans, one for ,000 at 4% interest and one for ,000 at 6%, your consolidated loan will have a ,000 balance and a 4.7% interest rate.But that doesn’t mean consolidation is always a smart move.

You will be able to make smaller payments and work toward the ultimate goal of paying off your student loans.

The interest rate and terms of this new loan will vary from your earlier loans.

There are some restrictions when you consolidate your loans.

Under a Direct Consolidation Loan program, the United States Department of Education steps in and pays off the balances on the federal education loans the student recieved while in college. Your college loan payments will then remain as manageable as possible .

The student is then granted a new loan, .[ Loan Consolidation provides detailed information on College Loan Consolidation, Private College Consolidation Loans, Best College Loan Consolidations, Federal College Loan consolidation centre loan consolidation citibank loan consolidation college loan consolidation college loans loan consolidation companies loan consolidation company loan consolidation company in United Kingdom loan consolidation . Frequently, college financial aid offices offer students a list of Preferred Lenders for all of their financial needs, from Stafford loans to student loan consolidation loans.