Loan consolidation refers to the process of combining multiple debts or loans into a single, new loan. This can be done in order to simplify repayment and potentially lower interest rates.
When federal loans have mounted up, then a federal student loan consolidation program is needed. (badcreditloanservices.com)
The fourth option is easily the most complicated federal loan consolidation program of the lot. (badcreditloanservices.com)
Furthermore, unlike federal programs, many private student loan consolidation programs allow borrowers to combine both federal and private education debt, extending any potential benefits to their entire student loan profile. (elfi.com)