Consolidating private student loans with federal student loans carbon dating inaccuracies
Log in to and click on “Complete Consolidation Loan Application and Promissory Note.” You’ll need to finish the application in one session, so gather the documents listed in the “What do I need? You can either get a repayment timeline based on your loan balance or pick one that ties payments to income. Continue making student loan payments as usual until your servicer confirms consolidation is complete.” section before you start and set aside about 30 minutes to fill it out. Enter which loans you do — and do not — want to consolidate. If you pick an income-driven plan, you’ll fill out an Income-Driven Repayment Plan Request form next. If you’re considering either federal or private student loan consolidation in order to get a drastically lower loan bill, look further into income-driven repayment instead.
» MORE: Should you refinance federal student loans Like the federal government, private companies offer the option to consolidate multiple student loans into one.In many cases, they can help you achieve a lower monthly rate and a lower interest rate, potentially saving you thousands of dollars over the life of the loan.