Consolidation may inhabit your key to extended deferral date, after all, consolidation worked out pretty pit for the Brady’s, ha-ha.

Of course I make that analogy parlance and cheek. Here in the absolute world things seldom go that smoothly, which is why the Brady’s serve as our “fictional” gold standard. Still, we can aspire to be Brady-like, right? We all want that “sunshine day.”

Well, get those sunglasses ready in that I may be adept to help your plight during these challenging times with a helpful tip that many of you are completely unaware of.

First off, what sparked this blog was the countless queries I’ve received on this topic. I have never fielded more calls and/or emails asking granting there is anyway to defer a student allowance beyond the standard three year eligibility period. The unemployment rate is now up to 8.1%, according to the latest U.S. Bureau of Labor Statistics report, which means more defaulted student loans are on the horizon unless borrowers are able to deferred them longer.

So how can you add another three years of deferment time? Well, if your loans have not yet been consolidated with the bureau of Education’s regulate Loan center than you can move your loans to them (re-consolidate) and that last wishes refresh your three year deferment benefit. That’s it. So if you are currently will Salle Mae, Suntech, Chase, etc just re-consolidate your loans with the Direct Loan Center.

Keep in sense that reconsolidating will not impact your interest rate, and if you have a borrower benefit in and out of your current lender that will not be carried over to the Direct Loan Center. However, if your primary intention is to give yourself more time to pay back your loans until the economy recovers, this is probably your chief bet and will serve the purpose.

Now everybody’s smilin - sunshine day.

Five most recent student loan consolidation blog posts:

Subscribe to RSS headline updates from:
Powered by FeedBurner