Consolidating your debt together dating wbal

26-Oct-2017 11:37

WARNING: It is very dangerous to consolidate federal loans into a private consolidation loan.You will lose your rights under the federal loan programs once you choose to consolidate with a private lender.Loans that are not eligible for consolidation include state or private loans that are not federally guaranteed.

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If you want to lower your monthly payment amount but are concerned about the impact of loan consolidation, you might want to consider deferment or forbearance as options for short-term payment relief, or consider switching to an income-driven repayment plan.

Direct consolidation loans are now the only type of federal student consolidation loan.