Consolidation provides grads with the ability to combine their student loans into one megaloan, but it comes with drawbacks. Along with gaining a new degree, many graduates will also leave campus with new student loan payments they'll have to fit into their post-graduate budgets.This report was not chartered by or created on behalf of any lender listed below.Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life.If anything, the confusion you will experience in choosing a school is nothing compared to the confusion when you are faced with multiple student loans that you can’t quite keep up with the payments.
(Note: You cannot consolidate federal and private student loans together through the federal government, either.) You can consolidate an existing Direct Consolidation Loan so long as you have a new eligible loan with which it can be consolidated.
It makes your pursuit of your dream relatively easy through its financial assistance.