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Is it a smart choice to apply for a private consolidation loan?

April 26, 2017consolidation loan private SMART

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Is it a smart choice to apply for a private consolidation loan?

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Consolidating your private loans into a fixed private consolidation loan may be a good option if the rate offered is lower than your private loan rate. But use caution when consolidating federal loans into a private consolation loan. When you consolidate your federal loans through a private consolidation loan, you lose your rights under the federal loan program.