Consolidating loan private student

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Student debt has reached an all-time high in the U. of late, with an estimated 40 million people now owing an average balance of ,000, according to credit report company Experian.With student loans soaring, debt-saddled students and graduates are desperate for any strategy that may help them escape their burden.

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life.Use our student loan repayment calculator to help you determine the payment rate versus time needed to resolve the debt.Remember that a higher interest rate will lead to a higher monthly payment, but it will also shorten the life of the loan.If you are consolidating both types of loans, you should make sure to keep them separate.Borrowers are generally allowed up to 10 years to repay, when they consolidate Federal Stafford and Graduate PLUS Loans.

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