Facts about consolidating student loans

10-Nov-2019 03:03

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This is because federal loan consolidation usually offers better advantages and lower rates of interest.

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Federal student loans and private student loans can't be consolidated into one big loan.As a student, consolidate my student loan into a single new one might be a wise decision.But this is not always a smart move to consolidate my student loan.The interest rate can go up if a borrower extends the terms from the loan's repayment plan.

Federal loan consolidation requires no credit checks however the period of repayment is usually longer.In July of 2006, a new provision maintains that married students are no more allowed to lump their student loans together with regards to consolidation.

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