Grace Period Half Over Find Consolidation Now
There is a 6 month grace period that begins when a student leaves college or drops below half-time and if you graduated last spring August 30 was halfway through that grace period. Many recent grads do not know that if you consolidate your student loans before the end of the grace period you can lock in a fixed interest rate .6% lower. That may not sound like a lot but over the life of a loan it can really add up.
Many grads are concerned that if they consolidate their loans before the end of the grace period they will have to begin repaying them immediately. While this is the case sometimes many lenders can defer payment until the grace period is up and others can even give you a 12 month grace period. At any rate consolidating your student loans before the end of the grace period is a good idea.
