Many students find that their first term expenses were higher than expected, and may be struggling to meet all of their expenses. If you've exhausted your federal, state, college, and private aid funds, private student loans may be the right choice for you to fill the financial gaps.
It's not uncommon for students to complete their degrees this time of year, with repayment starting in the not-too-distant future. Take this opportunity to learn more about student loan consolidation and see if it's right for you. You can consolidate your federal student loans through the Direct Consolidation Loan program with no credit check, and no fees.
You can consolidate federal and private student loans through private lenders, who offer competitive interest rates. Visit StudentLoanConsolidator.com to learn more about the programs and options available to you.
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A consolidation loan is a form of refinance, where a new loan repays the outstanding balance on other loans, replacing them with a single new loan. Consolidating a borrower's loans will streamline and simplify repayment and may result in a lower or higher interest rate, depending on the type of consolidation loan and whether the borrower's credit has improved.