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To consolidate your student debt, your loans must all be eligible for consolidation. Private loans are not eligible for consolidation through the Department of Education, though you may roll them ...
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
A consolidation loan is a single loan used to pay off multiple debt balances, according to Martin Lynch, president of the Financial Counseling Association of America (FCAA). To qualify for one of ...
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 ...
Consolidating your student loans involves combining some or all of your balances into a single loan product, preferably with a lower rate and a more affordable monthly payment. Direct ...
This can translate into a much lower interest rate on your loan. Pick a Plan That Offers a Lower Rate. The federal government offers income-repayment plans that can help lower your payment in two ...
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