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Retain federal student loan benefits: When you consolidate federal student loans, you can still take advantage of income-driven repayment plans, forgiveness options and repayment hardship plans in ...
Potentially lower monthly payments: Direct Consolidation Loans have a repayment timeline of up to 30 years, as opposed to the standard repayment period of 10 years. This longer repayment term can ...
Refinance your student loans to get lower interest rates or a lower monthly payment. ... You can use a student loan calculator to estimate how ... Borrowers who want to consolidate multiple loans ...
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
If you have student loans with multiple loan servicers, consolidation is one option to simplify loan repayment while potentially lowering your monthly amount due. Student loan consolidation ...
Bankrate’s take:Debt consolidation loanscan be used for consolidating credit card debt, medical debt and student loan debt. 4. Peer-to-peer loan. Peer-to-peer (P2P) lending platforms pair ...
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