Interest rates on student loans usually vary by loan type, rate type, and credit worthiness.
If you find yourself paying 4% to 10% in interest each year, you are paying too much.
Today, the answer to that question is probably yes!
7 out of 10 graduates are now graduating with some form of student loan debt.
Theoretically, any use of one form of financing to pay off other debts is practicing debt consolidation.
Consumers can use debt consolidation as a tool to deal with student loan debt, credit card debt and other types of debt.
There are several ways consumers can lump debts into a single payment.
WARNING: It is very dangerous to consolidate federal loans into a private consolidation loan.
You will lose your rights under the federal loan programs once you choose to consolidate with a private lender.