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Posted by / 27-Jun-2016 03:59

Consolidating student loans from several lenders

​ By now you should know the basics behind student loan consolidation and refinancing.Now, we would like to present unbiased descriptions of the eleven major student loan consolidation companies.Today, graduates are leaving campus holding a diploma in one hand, and an average of ,000 in debt in the other.In America, student debt is the second largest class of consumer debt.If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation!If you don’t think you meet the requirements, don’t worry – as you can apply with a cosigner to increase your chances of getting approved for a better student loan.Private consolidation lenders, on the other hand, are not subject to those terms and may include variable rates and any number of fees.What's more, some benefits of a federal consolidation loan, such as interest subsidies on deferred loans, are not available on private loans.

Consolidating allows you to merge multiple eligible loans into a single loan.Unfortunately, our nation’s education system, politicians, and students haven’t figured out a solution.We’ve created this guide to help borrowers better understand the emerging student loan refinancing and consolidation industry.Please note, from here on out, we consider "consolidation" and "refinancing" the same thing.All of these companies have been vetted by The Student Loan Report team for product quality, security, and customer experience.

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