- Student Loan Consolidation was created by The United States Congress
back in 1986 to make the repayment of student loans both easier
and simpler for borrowing students.
- Student Loan Consolidation is not the same as mortgage refinancing
or other loan consolidation programs available to the public. For
one, student loans are guaranteed by the United States government.
Furthermore, mortgage refinancing involves credit checks, numerous
fees (points, closing, etc.) and collateral; student loans consolidation
requires no credit checks, no bank fees are assessed and no collateral
is required.
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