Consolidating student loans different interest rates Online dating sex

11-Apr-2015 15:19

Student loan consolidation may not be the silver-bullet solution that it used to be, but it can still offer some benefits depending on your situation.

First and foremost, if you’re juggling multiple student loan payments, student loan consolidation can simplify your finances.

Their average debt load was ,600, up 24% in a decade, according to The College Board.

Throw private school grads into the mix, and the average American owes ,000 in student loans, according to Equifax.

It’s no wonder then that student loan debt is on the rise, too.

In 2013, 59% of graduates from four-year public colleges had borrowed money to help get them through school, up from 52% in 2001.

According to The College Board, the cost of one year at a private, four-year college has jumped 146% in the past three decades to ,231, while the cost of a four-year public school has skyrocketed 225% to ,139.

Their average debt load was ,600, up 24% in a decade, according to The College Board.

Throw private school grads into the mix, and the average American owes ,000 in student loans, according to Equifax.

It’s no wonder then that student loan debt is on the rise, too.

In 2013, 59% of graduates from four-year public colleges had borrowed money to help get them through school, up from 52% in 2001.

According to The College Board, the cost of one year at a private, four-year college has jumped 146% in the past three decades to ,231, while the cost of a four-year public school has skyrocketed 225% to ,139.

Those figures are adjusted for inflation — they would be even gaudier if not — and they include only tuition and fees, not living expenses.