(ARA) - You made it through school and are now faced with the challenges of the real world. You've worked hard to complete your studies and now it's time to find a job and create a career in the field of your choice as well as pay back those student loans. With a different loan for every year, and sometimes one for each semester; managing monthly loan payments can feel like a full time job in itself.
It doesn't have to be that way. The federal student loan consolidation program has been established to thwart the challenges that ensue by trying to manage multiple student loan payments. By consolidating you avoid late payments, which are bad for your credit score, avoid going into default -- the worst thing that can happen to your credit -- and, most importantly, save money while making it easier on yourself.
What is student loan consolidation? All of your federal educational loans are consolidated into one, fixed-interest loan. This can translate to lowering monthly payments by up to 53 percent, depending on your balance. At GradLoanCenter.com, you receive direction and learn how to consolidate your loans. The Graduate Loan Center (GLC) focuses on helping students manage the high cost of paying for an education by offering the federal student loan consolidation program.
GLC enables student loan borrowers to bundle all their existing variable-rate federal student loans into one new fixed-rate loan, choose from a variety of repayment options with no prepayment penalties and make only one payment each month. You can also earn an additional interest rate reduction by having payments automatically deducted from your account. It doesn't get any easier than that.
In operation since 2002, GLC has consolidated over $2 billion in student loans and has grown at least 40 percent each year in loan volume; much of that due to referrals from satisfied customers. The federal government backs student loan consolidation and millions of individuals have taken advantage of this free program since its inception. This means no credit checks, no fees and no long application process.
GLC is a preferred partner of the Princeton Review. Through this affiliation, GLC is granted the distinction as a trusted resource in providing student loan borrowers with information and access to the federal student loan consolidation program.
You've succeeded in college. Don't let your student loans payments intimidate or overwhelm you. Make it easy and go to GradLoanCenter.com to find out just how simple consolidating your loans can be and how much money can be saved on your monthly payment. Don't wait-consolidate your federal student loans today.
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