Consolidating private lender student loans

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However having a cosigner on your loan leaves them liable for your loan as well.When you consolidate student loans, a cosigner isn’t necessary, assuming you can get approved for the new loan by yourself.

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Consolidating your loans will leave you with one bill to stay on top of.But all too often those loans become a financial burden to graduating college students, and can leave them in very real economic distress.Following graduation, students often find themselves with better job prospects, but with no immediate increase in income.Federal loans are typically consolidated through the Direct Loan Consolidation Program provided by the U. Lend Key consolidates and refinances federal and private student loans.Private student loans can be consolidated through banks and credit unions.

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