Looking to Consolidate some Student Loans

Historically you get a private loan that combines the federal loans into a single payment and averages the interest rates.

In return you give up the benefits and protections federal loans provide, and you need to be certain about your decision because you are only entitled to one consolidation.

Definitely lose the forgiveness or public service options

And if a federal loan, make darn sure it is and stays with the Department of Education ---- once it hits a Servicer, good luck.

You must have had a unique situation.

quote:

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You can generally consolidate your federal student loans only once, but you can do it a second time if you add an eligible loan to the mix.

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