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Consolidate Private Student Loans | Consolidate Federal Student Loans

CONSOLIDATE PRIVATE STUDENT LOANS

Important information if you want to consolidate your private student loans:
You should not consolidate your private student loans with your federal student loans as you will lose the benefits you have from your federal student loans such as the tax deductible interest on your federal student loan where as this is not the case on your private student loan. So ensure that your consolidate your private student loans and your federal student loans separately.

There are many variables to consider when you are thinking of consolidating your private student loans and we would always recommend that you consult an independant qualified advisor to advise you on your specific situation. However it is worth to note that typically your private student loans are just like any other private loan that you have to pay back and you can often benefit from consolidating your private student loans which can reduce your interest payments as well as giving you a more manageable payment scheme.


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