A Guide to Student Loan Consolidation

Aggregated into a new student loan interest rate with one month … will equal the average of all student loans you want to consolidate ….

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A Guide to Student Loan Consolidation
Introduction
Even some college is better than none:
What is Consolidation?
What Are the Pros and Cons of Federal Student Loan Consolidation?
Sample Consolidation for Private Loans:
Pros & Cons
If you don’t consolidate these loans,your monthly bills for the next 10 years will look like this:
Federal Consolidation Loan Interest Rates…
The calculation looks like this:
Total monthly payment: … $311.15
Total cost of all loans, over 10 years: ….$37,336.81
If you do consolidate,and stretch out your payments for 15 yearsinstead…
Examples of Borrower Benefits can include:
Interest Rate Reduction:
Principal Reduction:
Stafford Loans
Direct Student Loans / Ford Loans
Parent Loan for
Undergraduate
Students (PLUS)
Direct Parent
Loan for
Undergraduate
Students
(Direct PLUS)
GradPLUS Loans
Direct GradPLUS Loans
Perkins Loans
Federal Consolidation Loans
Federal Direct Consolidation Loans
Am I Eligible to Consolidate My Loans?
What Are the Different Types of Repayment Options?
Federal Consolidation vs. Private Consolidation What’s the Difference?
What Are the Different Types of Repayment Options?
Second is the Extendedplan. The third option is Graduated Repayment When Should I Consolidate?
Which lender is right for me?
Can I Re-Consolidate
My Current Consolidation Loans?
What’s the Status of My Loan?

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