Who is consolidating student loans
Federal loan providers do not check your credit when offering loans, which is a great program for those seeking education at 18, but after you graduate and your finances improve, you can often qualify for a lower rate.
You can refinance private or federal loans and you can pick and choose which loans you want to refinance.
The words consolidation and refinancing are often used interchangeably in reference to student loans.
But there are key differences you need to be aware of to decide which option is best for you.
Consolidating comes automatically with refinancing several loans into one.default on their student loans and though the average repayment time varies by amount owed, it’s safe to say it’s probably going to take at least 10 years and might take as long as 30 years.