Can I Consolidate Multiple Education Loans Into a Single Repayment Plan

Yes, you can consolidate multiple education loans into a single repayment plan. Loan consolidation combines your existing loans into one, simplifying your monthly payments. This can be helpful if you have multiple federal loans with varying interest rates and repayment terms. By consolidating, you may qualify for income-driven repayment plans or Public Service Loan Forgiveness (PSLF). However, consolidation may increase the total interest paid over time and extend the loan term. It's essential to evaluate your financial situation and compare options before deciding to consolidate your loans for more manageable repayments and potential benefits.Readmore