Federal student loan consolidation should consider repayment terms and interest rates, avoiding private loan programs. Loan consolidation can lower monthly payments but may result in paying more interest over time. Consolidation before July 1, 2006, can lower interest rates. Federal student loan programs offer protections not provided by private student loans. For people with multiple […]

Federal student loan consolidation should consider payment terms and interest rates, and avoid consolidating federally guaranteed loans under a private loan program. Loan consolidation can reduce monthly payments but may result in paying more interest over time. Federal student loan programs offer protections not provided by private student loans, so consolidation should only be done […]