Many students apply for and receive a new student loan every semester. If you graduate after attending school for eight semesters, you could have eight loans to repay. That could require some juggling skills. Each loan could have a different due date, interest rate, and repayment term. What a nightmare!
Combining these loans into a single debt is called consolidation. Doing this may seem attractive. However, it might be more attractive if the consolidated loan offers you additional benefits.
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