Whenever researching your alternatives of either federal consolidation or personal education loan refinance, you must know why these are a couple of different programs. They both combine your loans into one loan, but, they will have different credit factors.
Then your answer is simple, most likely yes if you’re here because you want to consolidate your federal loans (no private student loans allowed) into a federal Direct Consolidation Loan.
Education loan refinance is an excellent option if you should be trying to potentially decrease your payment, apr, or eliminate a cosigner (such as your moms and dad) from a loan that is existing. Nevertheless, you have an obstacle to overcome if you truly have bad credit and want to refinance your private and/or federal student loans. (más…)