Benefits of consolidating school loans


01-Jul-2016 22:44

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.

The cosigner doesn’t have to be a relative; he or she can be any adult who meets the eligibility requirements.Your repayment term will generally start within 60 days of when your consolidation loan is first disbursed and will be based on your total federal student loan balance, among other factors; click on the link below for more details.



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