Consolidating federal student loan debt

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Read on to learn how to apply for federal student loan consolidation or student loan refinancing and how to decide whether one is right for you.

[Skip to refinancing] Only federal student loans are eligible for this type of consolidation.

You can use a co-signer to qualify or get a lower rate, but that person will be responsible for the loan if you can’t repay it.

Borrowers with a credit score of 690 or above are most likely to receive competitive offers from lenders.

If your credit score is lower, you’re unlikely to be approved, but you have other options.

If you qualify, you’ll receive immediate, personalized offers from multiple lenders without affecting your credit.

If you continue with the process, the lender you choose will perform a credit check later on.

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