Loan consolidation refers to combining multiple loans into a single loan. This can help simplify repayment by allowing borrowers to make a single monthly payment instead of multiple payments for different loans. Full definition
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)