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While April 15 (Tax Day) is on the minds of many Americans, there's another date that you should be aware of if you have student loans: April 30. Read Next: You Can Get These 3 Debts Canceled...
Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department ...
Consolidating student loans is a smart step for many federal borrowers; here are a few of the advantages: ... You qualify for federal loan forgiveness. Can I consolidate my private student loans?
For loans consolidated past this deadline, only new payments made under an Income-Driven Repayment plan after consolidation will count toward PSLF. Public Service Loan Forgiveness (PSLF) is a ...
Because it takes at least 60 days to process a Direct Consolidation Loan application and to disburse the new loan, per the Federal Student Aid site, you’ll want to submit an application sooner ...
Consolidation loans have longer terms than other loans. Debtors can choose terms of 10–30 years. Although the monthly repayments are lower, the total amount paid over the term of the loan is higher than would be paid with other loans.
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