First of all, consolidation is always among the best student loan repayment plans because of the fact that instead of making several monthly payments you will only have to be concerned with one. This will definitely be a help if you find yourself still looking for employment when the repayment period begins. Additionally, with consolidation if you do your research you should be able to find a plan which offers a low interest rate.
Check out federal loan consolidation programs for low fixed interest rates. Although plans that offer variable interest rates may be enticing because of low introductory rates, they can often go up pretty high as repayment continues.
Additionally, another reason why consolidation is among the best student loan repayment plans is because many programs offer the option of using graduated payments which allow you to start off paying lower monthly payments which gradually increase over the period of repayment.
This is especially helpful if you're still in the process of seeking employment or if your initial salary is small. Graduated payments give you a chance to get on feet and better your financial situation. With a good repayment plan you'll be able to save money while paying back your loans.
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