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Unlike other types of consumer debt, it’s impossible to refinance a federal student loan and have it stay a federal student loan. Elizabeth Warren (D-Mass.), Democratic presidential front-runner Hillary Clinton and others have proposed giving federal student loan borrowers the option to refinance their loans to take advantage of lower interest rates.
Market Watch and the Center for Financial Literacy held a panel discussion recently on the topic of all things related to student loans, at Champlain College in Burlington, Vt.
Learn more about Direct Consolidation Loans on the Federal Student Aid site Apply now at Student Private student loans are NOT eligible for consolidation into a Direct Consolidation Loan.
When you consolidate student loans – either federal or private – it’s one payment to one lender, once-a-month. Loan consolidation for student loans was created to make it easier for millions of borrowers to pay off their debt.
Federal student loan borrowers have the option of consolidating their loans via the Direct Consolidation Loan program offered by the U. That loan is then serviced by the servicer of your choosing – of which Nelnet is one!
Consolidating allows you to merge multiple eligible loans into a single loan.
Are you tired of paying a high interest rate on your student loan debt?
You may be looking for ways to refinance your student loans at a lower interest rate, but don’t know where to turn.
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