Consolidating federal student loans department education
See each lender's website with more details on how this figure is calculated.
If a borrower loses their job through no fault of their own, they may be eligible to receive unemployment benefits with some lenders.
If approved for this benefit, the lender will put the borrower's loans into forbearance, suspending their monthly loan payments.
Unpaid interest will continue to accrue and will be capitalized (added) onto the borrower's principal balance.
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Some lenders will permit the refinancing of those Parent PLUS loans from the parent's name into the name of the child/graduate.
Indicates whether or not the lender allows loans that were previously in default, but have now been rehabilitated, to be refinanced.
Interest rates may increase or decrease at any time and typically do so based on changes to LIBOR.Learn more"Term" refers to the length of the loan, typically in years.