Consolidating federal student loans good idea


consolidating federal student loans good idea-51

There are two types of student loan consolidation: federal and private.

Private consolidation is often referred to as refinancing.

Additionally, you’ll get a new loan term ranging from 10 to 30 years.

Your repayment term will generally start within 60 days of when your consolidation loan is first disbursed and will be based on your total federal student loan balance, among other factors; click on the link below for more details.

So many aspects of our lives revolve around our credit rating, ranging from deposits for utilities and phone services, the insurance premiums we pay and sometimes even whether or not we’re hired for a new job.

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