Consolidating your Student Loan

For the first six months after you graduate college, you don’t have to worry about your student loans. After that, you’ve got two choices: either go to graduate school, or pay up.

Since going to college for the express purpose of avoiding student loan is a financial misstep on the order of using one credit card to pay off another credit card you need to find a way to repay them.

If your student loan is federal, there are some options. For instance, you can use the Income Contingency Repayment Plan or the Graduated Repayment Plan. To find out more about these, or how to let your government student loan lender you’re unable to make payments, you can go to the government’s website.