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2. What is student loan refinancing and how does it work? - AOL

   www.aol.com/finance/student-loan-refinancing...

   Original loan. Refinanced to lower rate. Refinanced to shorter term. Amount. $50,000. $50,000. $50,000. Interest rate. 12%. 6%. 12%. Term. 10 years. 10 years. 5 years ...

3. Federal student loan consolidation - Wikipedia

   en.wikipedia.org/wiki/Federal_student_loan...

   The Federal Loan Consolidation Program was created in 1986. In 1998, the United States Congress changed the interest rate to the aforementioned fixed rate weighted mean, effective February 1, 1999. Consolidation loans taken out before that date had a variable interest rate, determined by the individual FDLP loan origination center (e.g., in the ...

4. How to consolidate student loans & why you might want to

   www.aol.com/finance/consolidate-student-loans...

   Your new student loan interest rate will be based on the weighted average of your existing loans. Student loan refinancing involves moving loan debt from multiple servicers to a single private ...

5. Student loans in the United States - Wikipedia

   en.wikipedia.org/wiki/Student_loans_in_the...

   Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]

6. How Long It Would Take a Recent Graduate To Save for a Down ...

   www.aol.com/long-recent-graduate-save-down...

   The average student loan debt at graduation is now nearly $38,000, according to the Education Data Initiative. ... and assumed a standard 10-year repayment period and a 6.87% interest rate, plus a ...

7. Federal Direct Student Loan Program - Wikipedia

   en.wikipedia.org/wiki/Federal_Direct_Student...

   In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]