Advanced degrees often come bundled with advanced levels of student loan debt.Students may be tempted to stay in school beyond their undergraduate degree as a way to keep from paying off their first student loans, but the debt keeps growing as their education continues.Though it stretches your loan payments out over a longer time, it does make them more affordable and less stressful, so in some situations is the best decision to make.

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Would you rather budget and save and pay your loans off as fast as possible, no matter what?

Or would you rather pay what you can now, and keep paying smaller amounts until everything is taken care of?

Soon enough, graduate school is over, graduation day comes and goes, and there you are with considerable debt and desperate for a job.

Lucky grads who come out earning decent salaries are typically among the set wooed by top engineering and tech companies, or those with which they’ve done internships.

You may consolidate through the Federal Government’s Direct Consolidation Loans Program if you have a subsidized and/or unsubsidized Stafford Loan to include in the process.

Consolidation of your federal loans through a FFELP lender are best compared for their borrower benefits, the only freedom most lenders have with the federal family of loans.

Regardless of the repayment situation, graduates struggling to juggle monthly payments must consider consolidation an option.

Before you commit to consolidate, ask yourself these questions to determine if it is a wise choice: Consider your situation carefully.

This process will extend your payments over a longer time, but it will cut them down sometimes to half of what they would be.