Consolidating private student loans into federal student loans maksim chmer and dating show

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In a rising interest rate environment, this can be comforting.

In a decreasing interest rate environment, this can be concerning.

This program is designed specifically for Federal student loans and is administered by the Department of Education.

One of the biggest myths when it comes to student loans is whether you can combine your Federal and private student loans. Well, since the middle of 2014, you can actually refinance and consolidate both your Federal and private student loans into a single loan with many private lenders.

Think about it: you just graduated from college and you have a combination of about five different student loans. However, there are times when combining all of your loans (both Federal and private) makes sense, and there are times when it may not.

The interest rate on a refinance or consolidation loan is based on credit criteria set by the lender, which can include credit scores, debt-to-income ratio and annual income level of a borrower and, if applicable, co-borrower.

Student loan consolidation is the process of uniting some or all of your student loans into one new loan.

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