Consolidate loanstudent college student loan consolidating

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These loans allow students to combine existing loans into one manageable loan with a single payment schedule.

Benefits of federal loan consolidation include: Students who have private lender loans can also take advantage of loan consolidation programs.

When you consolidate your loans into one new loan, all your previous student loans are paid off.The Federal government offers students the Direct Consolidation Loan to help them manage their Federal college loans.Students who have received a Stafford, Perkins or FFEL loan are eligible for the Federal Direct Consolidation Loan only after they have graduated from college.With a consolidated loan you can relive the stress of having a mountain of debt on your shoulders.Lenders have a stake in your financial health and they would rather rewrite your loans than see you default.

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