Some Tips To Help You Choose Best Student Loan Repayment PlanIt is natural to feel invincible after completing your education and graduating from college. However, do not let your confidence turn into overconfidence. You will be starting your productive life with a big debt on your shoulders, so you will have to repay your loan as quickly as possible. Choose consolidation of debt for the numerous advantages that it offers.What’s the Advantage of Debt Consolidation?The most obvious advantage of debt consolidation is that you will end up with a single loan to repay every month. This is much better than having several debts to follow up. If your time and effort is spent in searching for employment, consolidation will help. By searching well for the right plan, you can get a plan that offers a great deal at a low interest rate.What About Federal Consolidation Programs?Federal loan consolidation programs offer low interest rates that are not variable. Variable interest rate plans may seem attractive due to the low initial rate. However, once the variation starts, the debt may rise very quickly.Many consolidation programs offer the graduated payment facility to those who opt for consolidation of student loan repayment programs. You can start with low monthly payments and proceed to pay more as you earn more.About the the Graduated Payment Option If you still have not found a job or if your initial salary does not help you save much, the graduated payment option can help you overcome the situation without defaulting on the loan. Such an option will actually help you save money very quickly to make your student loan repayment much easier.