Consolidating to a direct loan
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It is not unusual to owe money to 8-10 separate lenders, maybe more if you had a combination of private and federal loans.
If you continue borrowing for graduate school, it’s easy to add another 4-6 lenders to the mix.
When you consolidate your debt, you combine all those loans into one.
Your school may have alternate entrance counseling requirements.
Check with your school's financial aid office to be sure that the counseling available on this Web site satisfies its requirements for entrance counseling.
Most federal loans are eligible for consolidation, but private loans are not eligible.
Borrowers can consolidate once they complete school, leave school or fall below half-time student status.
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Using student loans to pay for could cost you a whole lot more.