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Unsecured student loan debt is looked upon more favorably by lenders when it comes to evaluating your credit worthiness.

You’ll start making your one new payment immediately on your consolidated federal student loans. government offers you several repayment plans, including some that give you a maximum of 25 years to pay off your student debt, while others are tailored to your income and family size.

If you’re paying off federal student loans, you are one of nearly 37 million borrowers with outstanding student debt. You can even switch your plan if your needs change.

With federal programs expending approximately $104 million in 2010-11, student loan consolidation has been a well-received solution to student debt management.

Prior to July 1, 2006, students could consolidate their public loans while they were enrolled in school full time. Students can either consolidate during the six-month grace period after graduation or wait until after the loan enters the repayment phase.

Our partner will explain these options to you and give you a recommendation for moving forward.