Is consolidating private student loans a good idea
With more than one student loan, you probably have to remember multiple due dates for your monthly repayments.
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Private student lenders may offer an interest rate reduction for creditworthy borrowers seeking to consolidate their private student loans.(Some savings vehicles may be better than college saving funds, check out .) Each lender has its own minimum loan balance necessary for loan consolidation; however, you do not need to meet any minimum loan balance for loans consolidated under the Federal Direct Consolidation Loan program.
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