Published: Nov 12, 2014
For many recent graduates, the thought of paying back the principal amount of their student loans can be overwhelming, add in the additional compound interest they’ll be paying over the life of the loan and the total student loan figure can become utterly nauseating. As a result (and because it is unlikely their student loans will disappear), some recent graduates may consider student loan consolidation and refinancing as a way to combine all of their loans into a single monthly payment and possibly save money over the life of their loans.