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You can consolidate loans even if you’re already in default.
In fact, consolidation is one good way to get out of default.
With an average balance of ,400, student debt is a big part of the average college graduate's life.
At Lend EDU, we help borrowers compare the top student loan companies in one place.
Discounts reduce the amount of interest you pay over the life of the loan.
The automatic payment discount may not change your monthly payment amount depending on the type of loan you receive, but may reduce the number of payments or reduce the amount of your final payment.
Over the last month we have been getting bombarded with reader questions about student loan consolidation.
It seems that a lot of companies are advertising on TV and other places that they can “help you consolidate or get rid of your student loans”. That help comes at a cost – and it's a cost that you don't need to pay to get help with your student loans.
This gives the company legal rights to act on your behalf with your student loan companies. This site gives you a free saving estimate of what you could save by consolidating and refinancing your student loans in 30 seconds.
Student loan consolidation is a good option if you are having trouble paying your loans.
You can “consolidate” just one loan, or several loans.
Learn more about how to take advantage of both student loan discounts. The lifetime limit for this loan combined with all other education-related debt is 0,000.
Calculate how to potentially pay less interest on your student loan: Student Loan Interest Calculator Calculate the monthly payments on your private student loans: Student Loan Repayment Calculator If you’re a borrower with little or no credit history, or you have limited income, a cosigner may help you to qualify for this loan and potentially receive a lower interest rate.