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A school loan consolidation will allow you to borrow money in a lump sum and pay back on varaible terms. This will help you with expenses for school such as tuition and books.

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14y ago

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How does a school loan consolidation work?

A school loan consolidation is useful if a person has multiple loans. Each of the loan balances is put into one loan with one payment. This can result in a smaller monthly payment which saves money.


Where can one find information on consolidation of school loans?

One can find many places where they can get information on consolidation of school loans. Some websites include Forbes, Bank Rate, Loan Consolidation and US News.


Where can one find federal college loan consolidation?

One can find Federal College Loan Consolidation at several facilities of the Federal College Loan Consolidation located at different outlets of Federal College Loan Consolidation.


What are the pros and cons for a school loan consolidation?

One pro associated with school loan consolidation is that a person can get all of their loans into one with a set interest rate. On the other hand, this means that a student might get a higher interest rate or higher payments.


Where can one find a government debt consolidation loan?

You can find a government debt consolidation loan by contacting the federal government division which deals with the type of loan that you are looking for. For example if you are looking for a student debt consolidation government loan, you can also usually get a form through the financial aid office at your school besides applying on the federal government's student aid website.


How easy is it to get a debt consolidation loan?

I have learned there is really no such thing as a consolidation loan anymore. The banks and other loan agencies do not carry this particular loan anymore.


Where can consolidation loan rates be compared?

There are several places one can compare consolidation loan rates. These websites include Bank Rate, Loan Consolidation, Lending Club, FinAid, and Lending Tree.


Where can one go to get school loan consolidation?

School loan consolidations can be typically be found at any bank or savings institution that makes retail loans to individuals and small business organizations.


Where should one get loan consolidation for medical school?

There are many places where one can get loan consolidations for loans taken out for medical school. One should first contact the bank or financial institution where one got the loan.


Will school loan consolidation have any negative impact on a credit score?

Student Loan Consolidation does not appear to have a negative impact on a credit score provide you keep up with regular and on time payments, and take care of the loans as quickly as you can.


Which companies help you save money plus assist with loan consolidation?

Some companies which help you save money and assist with loan consolidation include Wells Fargo and FinAid. You can get help with your Loan Consolidation from their websites.


What are the student loan consolidation interest rates?

As of July 2010, you can get a student consolidation loan through the federal government. The interest rate can range from 6.62%-8.25%. 8.25% is cap for any student loan consolidation.