There are two categories of education consolidation loans: federal and private.
Federal loan consolidation combines multiple federal loans into one new loan.
When thinking about consolidating your loans, there are a few primary details to consider.
You cannot consolidate Harvard loans or private loans (Citi Assist, MEFA, etc.).
There are other factors though to keep in mind when deciding which loans to consolidate: Private loan consolidation may allow you to combine multiple federal and private loans into one new loan, however, some programs only allow you to consolidate private loans that you have borrowed directly through their program.
Modern financial assistance programs address diverse educational tracks, so there are products available for all types of students, including loans to cover online degrees and continuing education costs.
Though it may seem like the federal student assistance marketplace is engineered to benefit traditional four-year university students, there is plenty of aid available to those who matriculate to technical and trade schools.
But after all that hard work and those long nights, followed by the jubilation of graduation, you know what’s next: It’s time to pay back your federal financial aid student loans.