Consolidating student loans federal program Peer to peeradult live chat

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Over the last couple years student loan refinancing and consolidation has become a hot topic in the United States.

If you continue borrowing for graduate school, it’s easy to add another 4-6 lenders to the mix.Even if your rates seem high, t he Department of Education puts a cap on consolidation loan rates at 8.25 percent.One major advantage of federal consolidation loans is that borrowers don't need a stellar credit score to qualify, they can apply any time (even if their loan is in default) at Loan gov, and they'll always get a fixed interest rate.That is a sizeable, unwelcome gift to take home from school and it’s important to know how to minimize the damage.The good news is that federal loans carry a six-month grace period so there is time to develop a plan for dealing with them.

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