How to Consolidate Private Student Loans - An Insider Guide

Paying for a college education is a big expense, so it is not surprising that students leave school deeply in debt. If you took out a private student loan, the interest starts immediately and accrues while you are still in school. The interest amount gets added to the loan principal upon graduation. In general, you have six months from the time of graduation before you must start paying off the loan. This will give you time to find work and seek ways to refinance or consolidate your private student loans.