Re consolidating consolidated student loan
“I was getting more mail every month that I ever had in my entire life,” Foss said, adding that he realized that he couldn’t write eight separate checks every month. “I went from writing eight checks to one check.” Consolidating your federal student loans can also give you more repayment options.
Borrowers who have loans from the Federal Family Education Loan Program, which was discontinued in 2010, aren’t eligible for some of the income-driven repayment plans offered by the federal government.
7 out of 10 graduates are now graduating with some form of student loan debt.
If the requirements above sound good, we think that you are a great applicant for student loan refinancing and consolidation.
Each lender has its own specific underwriting criteria, so you may have a higher chance of approval at certain lenders.
You can consolidate all, just some, or even just one of your student loans.
“It was extraordinarily beneficial for me,” he said.
Foss graduated from college in 2007 and law school in 2010 and had racked up many loans he owed to multiple lenders by the time he graduated.