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Access repayment plans: Some older student loans, such as FFEL loans and Perkins Loans, are not eligible for certain income-driven repayment plans or Public Service Loan Forgiveness (PSLF) unless ...
Look for balance transfer alternatives: You may be able to transfer a balance to another loan or credit card with a lower (or zero percent) interest rate or lower minimum payment. This may help ...
Consolidation can streamline your student debt and reduce your monthly payment. But it's not for every borrower.
You have high-interest private student loan debt. Your new loan (whether federal or private) carries a much lower APR than your current student loan debt. See related: How to consolidate student loans
Similar to student loans and credit cards, if you are saddled with any other types of high-interest loans or have “sore thumb” debt, you may explore the best debt consolidation option to save ...
American consumer debt — including mortgages, car loans, credit cards and student loans — reached $16.90 trillion in the fourth quarter of 2022, according to the New York Federal Reserve. This ...
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