Consolidating graduate loans

Most loans can be discharged in the following situations: "Circumstances beyond the borrower's control" do not include things like having to drop out of college before graduation or inability to find a job after graduation.However, there is a possibility that they could include a school using illegal recruiting tactics – for example, guaranteeing the student a well-paid career. Department of Education promised debt relief to students of the bankrupt for-profit Corinthian Colleges schools (click here for more information on how to apply).With only a few exceptions, it is generally advisable for all student debt holders to at least explore a refinancing scenario, especially since getting your rate through Lend Key’s platform will have no impact on your credit score Our fast and easy student loan refinancing calculator lets you plug in your remaining loan balance and existing monthly payments so you can quickly figure out whether refinancing your student loans can improve your finances.With Lend Key’s student loan consolidation and refinancing, you can combine your federal and private student loans into one convenient payment with a lower interest rate.But if you're looking to save thousands on student loan interest payments -- as well as time and headaches from managing multiple monthly payments -- then understanding the consolidation process is critical.

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ED determines the interest rate of the Direct Consolidation Loan by taking the weighted average of the interest rates on your existing loans and rounding up to the nearest 1/8 of a percent (0.125).

That could help you better manage your finances, and save over the lifetime of your loan.

Whether you choose a fixed or variable rate, it's always important to remember to pick a loan that is right for you and your particular financial situation.

Rates are typically higher without a cosigner; however, borrowers that meet these requirements on their own do not need a cosigner (but may still choose to apply with a cosigner).

When even the basic term "consolidation" means different things for different lenders, the process can understandably seem daunting.

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