What’s the Difference Between Federal Student Loan Consolidation and a "Private Consolidation Loan"?
If there’s anything clear about student loans, it’s that the terminology associated with student loans is often far from clear. Take the words “consolidate” and “refinance,” for example. Both of these fall into the category of “things you can potentially do with your student loans” and as a result they’re often used interchangeably. But the terms can have different implications based on the context in which they’re being used.
So here’s the scoop:Read more