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What is the benefit of a Federal Consolidation loan?

April 26, 2017benefit consolidation Federal loan

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What is the benefit of a Federal Consolidation loan?

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A Federal Consolidation Loan is part of the family of loans available under the Federal Family Education Loan (FFEL) program as authorized by the Federal government. With a Federal Consolidation Loan, you can consolidate all or some of your outstanding education loans into a single new loan, even if your loans are currently held by more than one lender and are of different loan types.