Student Loan Debt Consolidation Myths
Myth #1: Consolidating your student loans is the same as refinancing.
Myth #2: You can consolidate both federal and private loans.
Myth #3: Consolidating your private and federal loans will affect their interest rates differently.
Myth #4: Consolidating loans doesn’t affect your payment terms or interest rates.
Myth #5: You can only get a consolidation loan from the government.
Takeaway: The government doesn’t offer student loan consolidation, you can’t change repayment dates when you consolidate, and more — so be careful before consolidating!