Consolidating stafford and perkins loans

Requirements vary depending on the type of loan, but most offer forgiveness for those employed in certain public-service occupations.Let's look at various options for dealing with student debt: discharge, forgiveness, repayment, debt consolidation – and finally, the worst that can happen if you simply don’t pay.You can think of Student Loans Consolidation as akin to refinancing a home mortgage.When you consolidate your student loans, the balances of your existing student loans are paid off, with the total balance rolling over into one consolidated loan.Possible borrower benefits: Some loan consolidation programs give borrower benefits, such as auto-debit payment reduction and consecutive on-time payment reduction, that can enable you (if you are qualified) to save up to an additional 1.25% off your interest rate.means bundling all your student loans into a single loan with one lender and one repayment plan.

Making the Decision to Consolidate Your Student Loans Consolidating Your Federal Student Loans Consolidating Your Private Loans Community Q&A Most students need to borrow money to pay for college, and many struggle to make their payments after graduation.

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