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Why can a borrower consolidate private student loans and Federal Stafford loans together?

April 26, 2017borrower consolidate Federal Loans private Stafford student loans

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Why can a borrower consolidate private student loans and Federal Stafford loans together?

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Private loans are secured by an individual’s credit worthiness or his cosigner’s. Federally back loan are secured by The united States Department Of Education. Loan amounts vary depending on each student needs, the cost to attend and ability to pay back. You will never be able to consolidate federally backed and private loans with a federally back consolidation loan. However, you will be able to combine them all with a private consolidation loan.