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And if you have federal loans, switching to a Direct Consolidation Loan can be necessary to access federal student loan repayment and forgiveness plans. That said, there are times when ...
A long time ago — before the introduction of the Direct Loan Program — I consolidated my federal loans with Citibank. In 2010, Citibank sold off its student loan unit, and has since stopped ...
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
Debt forgiveness is typically used for non-credit-card debt, like student loans, mortgages, medical debt or even taxes. Pros of debt forgiveness programs All or part of your loan could be wiped out.
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 ...
Benefits and drawbacks of debt consolidation loans. Securing a debt consolidation loan can be an excellent way to handle paying down your debts, but the move comes with risk. Consider the benefits ...
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