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While going to college is surely something to be proud of, and is a great investment in your future, most students and their families are unable to pay for it out-of-pocket.
Most lenders also allow you to refinance and consolidate multiple loans into one, making repayment much more manageable.
In the following sections, we will go over the refinancing and consolidation lenders in the industry and what they offer.
Refinancing your student debt is just like your car or home mortgage.However, before anyone consolidates, they need to make sure that they truly understand the financial impact of what they're getting into. — Student loan consolidation is being offered as a quick and easy solution to all student debt-related problems.However, before anyone consolidates, they need to make sure that they truly understand the financial impact of what they're getting into.Chase acquired Collegiate Funding Services to use it as a base to launch their student loan division—Chase Student Loans.In 2013, Chase announced that they would be ending their student loan program.
The government guaranteed federal subsidies to these private lenders, minimizing the lenders risk while paying them money.