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You can only consolidate federal loans; private student loans are not eligible for the program. Refinancing student loans may earn you a lower rate than your original loan terms. When you refinance federal loans with a private lender, you lose some key borrower protections. Learn more about Insider’s student loan coverage here. The difference between …

Student loan consolidation companies are kicking up their efforts to target struggling borrowers.  From Facebook ads to prime-time commercials and radio spots, promises of student loan forgiveness, lower interest rates and lower monthly payments have been plastered before people’s eyes for months. With more than $1 trillion in outstanding student loan debt in the U.S., companies offering …

If you’re saddled with student debt and worried about making payments on your federal loans during the coronavirus pandemic, you can breathe a sigh of relief. An executive order in January extended the pause in payments on federal loans and set interest rates at 0% through September. Private lenders may offer their own special relief …

Checking your rates will not affect your score. Note that the student loan situation has changed due to the impact of the coronavirus outbreak and the relief efforts of the government, student loan lenders and others. Check out our Student Loans Hero Coronavirus Information Center for news and additional details. * * * Student loan …

Drowning in Payday Loans? These options can be useful. (iStock) Payday loans are a short term option for cash strapped consumers. But they are hardly a saving grace. With exorbitant interest rates and short repayment terms, they often incur more costs than they are worth. They can also cause a vicious cycle of debt that …

Noting that student loan situations have changed because of the coronavirus strain and the relief efforts made by government agencies, student loan lender and others. Information and updates can be found at the Student Loans Hero Coronavirus Information Center. * * Some borrowers might find that bigger is better, while others may find it worse. We’ll examine …

The health and economic emergency of COVID-19 has caused temporary financial hardship for many Americans, making it difficult for many federal student loan borrowers to keep up with their monthly payments. In March, Congress brought much-needed relief to most of these borrowers by putting their accounts into automatic emergency forbearance and suspending accrued interest on …

Many private lenders offer student loan consolidation programs, and the choice can be overwhelming. Of course, to find the best deal, you’ll want to shop around to see what different lenders have to offer. Traditionally, this would require a lot of time, effort, and research on your part. The loan consolidation comparison is a hassle-free …

Find the latest on When discussing student loan consolidation versus refinancing, either one may be a good option for you, provided you understand their differences. Consolidation is best as a strategic move. It consolidates several federal loans into one new federal loan to allow you to make a single payment or qualify for government programs. …

Your federal student loan consolidation interest rate is the weighted average of your federal loan interest rates, rounded up to the next eighth of a percentage point. This means that larger loans are more important in your final interest rate. See your consolidation rate How Federal Loan Consolidation Rates Work Consolidation simplifies your payment. When …