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Definition of student loan consolidation

What is student loan consolidation? Student loan consolidation is a process by which you take out a new loan, which is then used to pay off your other existing student loans. Instead of having multiple loans and loan repayments, you only have one. You can consolidate all federal student loans and most private student loans. […]

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7 reasons not to refinance college debt

There are definitely benefits to student loan consolidation. Obviously, you’ll only have to worry about one monthly payment, and if your credit is strong, you may be able to find a lower interest rate when consolidating or investing. refinance your student loans. However, student loan consolidation also has its drawbacks and is not a smart […]

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8 Facts About Direct Student Loan Consolidation Pay for college

While the federal program allows student borrowers to consolidate their loans for streamlined payments, it has advantages and disadvantages. Consolidating multiple loans can be a smart move for some borrowers to keep their payments under control, as it consolidates multiple loans into one loan, making repayment easier. Direct loan consolidation allows borrowers to take advantage […]

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Single lender rule repealed; NextStudent Offers Low Student Loan Consolidation Rates

PHOENIX (PRWEB) June 22, 2006 – The one lender rule that prohibited student borrowers from consolidating their student loans with the lender of their choice was repealed on June 15, 2006 when President Bush enacted the Emergency Supplementary Expenditure Program, HR 4939. This opened the door to the crisis. letting student borrowers consolidate their federal […]