The good thing about fixed rate student loans is that students only have to pay to a lender and the repayment period is longer. This can be achieved by consolidating your current loans for education. However, debt consolidation also has its share of disadvantages. In fact, it is beneficial, but not for everyone.
Suppose you have four federal loans and private loans. Once you graduate, you are required to pay all the money you borrow. In fact, no refund is as easy as applying for them. But if you can afford to pay all his debts without difficulty, it is not necessary to apply for loan consolidation....