Considerations Before Consolidating Your Student Loans
Refinancing can oftentimes be confused with Consolidation, or vice versa, and sometimes refinancing companies use the term “consolidation” instead of “refinance” unfortunately - adding to the confusion. A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one federal loan, keeping everything within the federal system. Private refinancing companies cannot consolidate your loans within the federal system, they can only refinance