The past year has brought many changes to personal finance, from higher interest rates on student loans to higher rates on mortgages to higher rates... on pretty much everything. That's another reason student loan consolidation is so important - by locking in your rates, you insulate yourself from future rate increases. By lowering your monthly payment, you'll free up valuable cash to help pay down other, higher rate debts like credit cards, too.
The year ahead, according to experts at Bloomberg Financial, will be rife with interest rate increases, so consolidating your student loans now will free up money so that you can get rid of other debts as quickly as possible.
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