How to consolidating student loans

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Discounts reduce the amount of interest you pay over the life of the loan.

A Direct Consolidation Loan allows you to combine multiple federal education loans into one loan.Before making the decision to consolidate your loans, you’ll want to carefully consider whether loan consolidation is the best option for you.Keep in mind, once your loans are combined into a Direct Consolidation Loan, they cannot be removed.When you are through with your college and need to go for further education, you may decide to go for private loans as the one provided by the government is not enough.Lenders will offer you these loans to support you in pursuing your higher education but at higher interest rates than government loans.

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