Consilidating loans

02-Jan-2018 17:07

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offer benefits and protections that do not transfer to private lenders.

This is often the reason that people cite when they say you shouldn’t combine federal and private loans.

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It is quite common for people with student loans to deal with 10-12 lending institutions, which means 10-12 payments and 10-12 due dates each month.

Federal consolidation combines multiple eligible federal student loans with various repayment schedules into a new federal loan with a single monthly payment.