- Why Should You Consolidate Your Student Loan?
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Saturday, October 24, 2009
the student loan debt consolidation
Going through the student loan debt consolidation process is not difficult, and takes very little time on your part. Once you choose a consolidation company to handle your loans, the process usually doesn’t take any longer than 45 days (you should continue to pay your loan payments until the consolidation is final). How a student loan debt consolidation works is the consolidation company pays the balance on all of your existing student loans, and then lumps the entire balance of them into one loan. Then an interest rate is determined. Usually, this is based on an average of the interest rates for your previous student loans.
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