Student Loan Consolidation vs. Refinancing Though student loan consolidation and student loan refinancing are often discussed interchangeably, they are very different things. Though there are many differences between refinancing and consolidation, the most important is. Only federal student loans are eligible for student loan consolidation. If you have both cojsolidating and private student loans, and you want to merge them into a single, new student loan, you cannot do this through consolidation.
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What Is Student Loan Consolidation? If you have more than one federal student loan and are looking for a simpler way to organize your repayment strategy, you may be able to combine your loans with a direct consolidation loan. The new interest rate is determined using a weighted average of your original loans. You repay your old loans with this money and then have the one, new loan to pay.
student loan consolidation
News Consolidate Your Loans Consolidating your student loans can save you time and money. Find out how to consolidate and pros and cons of each path. Choose Your Debt Amount By clicking this link, you will be directed to the website of one of our affiliates who specializes in student loan financing.
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If you've got an enormous amount of college debt, student loan consolidation might help make it more manageable. Find out if consolidation is the right fit for you. How consolidation works Consolidation simplifies your student loan debt into a single loan.
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