Published: Jan 19, 2016 2:09 p.m. ET
Unlike other forms of unsecured debt, it’s impossible to refinance a federal education loan and also have it remain a student loan that is federal.
Sen. Elizabeth Warren (D-Mass. ), Democratic front-runner that is presidential Clinton among others have actually proposed offering federal education loan borrowers the possibility to refinance their loans to make the most of reduced interest levels.
MarketWatch therefore the Center for Financial Literacy held a panel conversation recently on the subject of all of the things linked to figuratively speaking, at Champlain university in Burlington, Vt. The panelists talked through a number of the benefits and drawbacks of consolidating your federal student education loans. Check out regarding the key findings:
What exactly is consol
Borrowers with numerous federal student education loans can combine them into one loan who has mortgage loan that’s the weighted average of all the loans.