I had mixed feelings when I graduated college. On the one hand, I finally completed my studies and reached the point I was working towards for years while on the other hand it was difficult leaving the system and environment I got so used to. But one thing I do remember and that’s waking up the next morning realizing I not only graduated with a degree but also with a whole lot of debt.
For about the first year or two I had quite a mess with my financials since I had some many loans over the years that I had to make several monthly payments. This was both confusing and expensive. That’s when I applied for a department of education student loan consolidation. I actually got lucky since I consolidated at a time with extremely low interest rates and managed to lock the rate in. But even today with rates at relatively reasonable levels, many graduates are option for an online student loan consolidation and in most cases are discovering they can save a lot of money.
