Sallie mae not consolidating

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Learn more"Term" refers to the length of the loan, typically in years.

Unpaid interest will continue to accrue and will be capitalized (added) onto the borrower's principal balance.With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school).We sometimes earn a sales commission or advertising fee when recommending various products and services to you.Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns.

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