What to know about consolidating student loans

22-Jun-2020 12:13

Default in making timely payments can lead to bad credit score which makes it more difficult for you to qualify for other types of credits.Student Loan Deferment and Forbearance are two extremely powerful tools for borrowers who are unable to make their monthly payments.With a Fixed Interest Rate, you can easily plan about saving money and to know more about How to Save Money please check this link.Federal Direct Loans provide you access to income-driven repayment plans, which can help you in lowering your monthly payments and offer some powerful student loan forgiveness options.

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To put it simply: Student Loan Consolidation is One Loan, One Lender, One Payment.

Some of the consolidation plans may offer you the option to choose flexible repayment terms.

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