Nov
20
Student loan consolidation can be used by student or parent borrowers to combine their multiple education loans loan with one monthly payment. As any student can take either federal or private student loans, she can also take a federal or private consolidation loan to make the education debt more
Both federal and private student loans offer significant benefits, but federal loans offer borrowers many benefits that don't come with private loans; for instance: low fixed interest rates, income-based repayment plans, loan forgiveness and deferment options. While some private lenders may offer them too, it usually is associated with some strings attached.
