Who to contact about consolidating student loans

Posted by / 09-Mar-2016 18:17

Who to contact about consolidating student loans

Take a look at the chart below to compare the benefits of loan rehabilitation versus the benefits of loan consolidation.

Loan consolidation allows you to pay off one or more federal student loans with a new consolidation loan.That cell of the table has now been corrected to indicate that loan consolidation will not result in removal of the record of default from the borrower’s credit history.If you rehabilitate a defaulted loan, the record of the default will be removed from your credit history.One way to get out of default is to repay the defaulted loan in full, but that's not a practical option for most borrowers.The two main ways to get out of default are loan rehabilitation and loan consolidation.

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To rehabilitate your loan, you must choose one of the two payment amounts.

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  1. Please try to post quality, interesting, "RW-ish" news stories rather than loads of everyday news stories, which clutter up the list and make the really interesting stuff harder to find.