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Student Loan Consolidation Program

19 November 2009 No Comment

Private student loan consolidation offers the same general consolidating program as federal student loan consolidation, only for non-federal private student loans instead of federal student loans.

Unlike federal student consolidation loans, however, private consolidation loans are credit-based loans. You’ll have to undergo a credit check, and you may need a creditworthy co-signer in order to qualify.

The credit requirements, interest rates, and loan terms for private consolidation loans vary by lender.

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