Consolidation loans often reduce the size of the monthly payment by extending the term of the loan beyond the 10 - year repayment plan that is standard with federal loans. (finaid.org)
If you've managed to rack up a $ 9,500 balance on your credit card, the time it will take you to clear what you owe will depend on a number of factors, including how much interest you're being charged and the size of your monthly payment. (budgeting.thenest.com)
If your primary goal is to reduce the size of your monthly payments, then you're probably better off with a 30 - year home loan. (homebuyinginstitute.com)