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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
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 ...
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 ...
Refinancing student loans can be a great way to save money on your educational debt. Yet many private lenders require a minimum credit score in the mid-to-high 600s to refinance your student loans.
However, for those in need of immediate relief, the best option is to apply for income-driven repayment. Income-driven repayment plans reduce your monthly payment to a percentage of your income ...
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