Federal student loans consolidating again

Posted by / 12-Aug-2017 10:03

Federal student loans consolidating again

Some of which even include terms that allow unrepaid student loans to be forgiven after 25, 20, or even 10 years in some circumstances.

For example, many graduates have asked us how student loan consolidation works.When it comes to student loans, however, the refinancing picture is more complex.The reason is that today’s student loans are actually a combination of Federal and private loan programs, and to help alleviate explosive levels of student loan debt (the total of which now exceeds all outstanding revolving credit card debt in the U. ), Federal student loans are getting access to multiple forms of “flexible” repayment plans.Refinancing debt to consolidate multiple loans into a single one is a standard of debt management.Sometimes it’s to get access to a more favorable interest rate.

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