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28-Jun-2017 22:38

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The basics of federal and private consolidation loans are outlined below.

How Federal Consolidation Loans Work Borrowers can combine multiple (at least two or more) federal loans into a single Direct Consolidation Loan (this is the only federal consolidation loan available).

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That’s why we created this guide – to give borrowers a useful resource that empowers them to choose if student loan consolidation is right for them and which type may best suit their needs.The following table illustrates how a weighted average works.

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