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  2. How to consolidate student loans & why you might want to

    www.aol.com/finance/consolidate-student-loans...

    Student loan consolidation means taking multiple student loan accounts and rolling them into a single loan account. Federal student loans are eligible for consolidation through the U.S. Department ...

  3. Pros and cons of consolidating student loans

    www.aol.com/finance/pros-cons-consolidating...

    Forfeiture of federal benefits: If you choose to consolidate federal student loans with a private loan, you lose access to federal loan benefits. These include income-based repayment plans along ...

  4. Federal student loan consolidation - Wikipedia

    en.wikipedia.org/wiki/Federal_student_loan...

    The Federal Loan Consolidation Program was created in 1986. In 1998, the United States Congress changed the interest rate to the aforementioned fixed rate weighted mean, effective February 1, 1999.

  5. What to know about Public Service Loan Forgiveness (PSLF) - AOL

    www.aol.com/finance/know-public-loan-forgiveness...

    Private student loans. Federal Family Education Loans (FFEL) Federal Perkins Loans. Qualifying payments. To be eligible for PSLF, you need to make at least 120 qualifying payments toward your ...

  6. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    In 2021, student loan servicers began dropping out of the federal student loan business, including FedLoan Servicing on July 8, Granite State Management and Resources on July 20, and Navient on September 28. [40] According to Sallie Mae, as of 2021, 1 in 8 families are using private student loans when federal financing does not cover all ...

  7. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    Direct Consolidation: These loans enable the student to consolidate multiple federal loans into one loan at no added cost. If a student has multiple loans, he or she can consolidate multiple monthly payments into one monthly payment at the average rate of the loans being consolidated. [ 13 ]

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