Frequently Asked Questions about Student Loan Consolidation
Question: How does loan consolidation work? Answer: When you consolidate your student loans, your original debts are paid off and you roll the combined balances from your previous loans into one new, larger loan with a fixed interest rate. Question: What are the main benefits of loan consolidation? Answer: It’s easier to make one payment […]
Student Loan Cancellation Programs—Big Hassles, Even Bigger Payoff
Under federal law, you can get your federal student loans canceled or discharged for many different circumstances.
Reasons for loan discharge: