Phoenix, AZ -- (SBWire) -- 01/10/2014 --Higher education is expensive, and while there are grants available, they are seldom enough to pay a full tuition. This is where student loans come into play. The trouble can arise when it comes time to repay them. Credit-yogi.com is here to offer some suggestions on debt consolidation for student loans so a graduate has one affordable monthly payment. Here are some options to look into:

- College Financial Aid Officers
- Private Lender Loan Merging
- Federal Loan Forgiveness
- New Teacher Loan Forgiveness

Talk with Financial Aid Officers

For help with debt consolidation for each loan a student has, the Financial Aid Office at his college is where to go. The staff is knowledgeable about how to merge loan debt into a single payment. For example, they can contact the loan servicers and advocate for consolidation. There is also an option to have debt discharged if one becomes totally and permanently disabled, which a Loan Officer can help one access. These professional student loan officials are an excellent resource for those searching for ways to consolidate their student loan debt.

Meet with Private Lenders

Some student loan debt is issued through private lenders, and these are the people one must meet with to discuss debt consolidation for student loans. There are options for merging student loan debt, including accessing companies with which the lenders are affiliated. These companies offer Residency/Internship and Military Deferment for those who qualify. These companies also offer lower interest rates on consolidated loans, so check them out.

Federal Government Student Loan Forgiveness

There are several conditions under which a graduate may have his student loan debt forgiven, one of which is the death discharge, which means that the survivors of a deceased borrower will not be held responsible for repayment of that person’s college loan debt. Also, if the university one is attending closes for any reason, one will not be held accountable for any loans he took out for that school. Loan forgiveness is worth looking into when seeking alternatives to debt consolidation of each loan a student required while attending college.

Loan Forgiveness for Teachers

Another option to debt consolidation for student loans is the Teacher Loan Forgiveness program. Credit-yogi.com has looked into this extensively and has come to the conclusion that it is a very effective way to eliminate student loan debt. When a graduate teacher choses to teach in an economically repressed environment for five consecutive academic years, his Direct and Stafford loan obligations may be forgiven. Those who have PLUS loans do not qualify for this program.

About Credit-yogi.com
Credit-yogi.com came into existence eight years ago with the goal of providing consumers with accurate, understandable information on all manner of financial transactions. Student loan consolidation, managing credit/debt, and obtaining financing for particular endeavors are topics the website covers, making it helpful to people from all walks of life. For a free initial consultation, dial 866-964-9644 any time, day or night.