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Best consolidating student loans

Read our reviews for help deciding which student loan may work best in your situation.Because of rising tuition and fees, most students will need to look outside of their own families to afford college costs.

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Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea.Consolidating your federal loans through the Department of Education is free; steer clear of companies that charge fees to consolidate them for you.When you consolidate federal loans, your new fixed interest rate will be the weighted average of your previous rates, rounded up to the next ⅛ of 1%.Many consolidation services offer fixed interest rates for the life of the loan, which can lock in your savings for years to come.This is good since consolidation loans typically have longer terms than other loans - usually anywhere from 10 to 30 years.Over the past decade, college costs and fees have risen 3.5% faster than inflation each year on average.

This means that affording college is harder than ever.

As part of the process, you’ll need to provide details about your existing federal student loans, and choose a federal loan servicer and repayment plan for your new consolidation loan.

You have to complete the application in a single session, so do your research before you start. You can consolidate all your federal loans or just some of them.

Continue reading below reviews National Debt Relief is a leading provider of financial solutions, and they have an impressive range of options for both private and federal student loans.

This company comes with a strong reputation, maintains a strong "A" rating from the Better Business Bureau, and offers a 100% money back guarantee with their plans.

Your financial situation might make it necessary to borrow money to pay for college.