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More than 44 million Americans have student loans, according to 2016 data from the Federal Reserve Bank of New York, and borrowers owe the vast majority of their

More than 44 million Americans have student loans, according to 2016 data from the Federal Reserve Bank of New York, and borrowers owe the vast majority of their $1.4 trillion in outstanding student loan debt to the government.Your particular college or university may offer you federal student loans as part of your financial aid package.

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More than 44 million Americans have student loans, according to 2016 data from the Federal Reserve Bank of New York, and borrowers owe the vast majority of their $1.4 trillion in outstanding student loan debt to the government.

Your particular college or university may offer you federal student loans as part of your financial aid package.

This can be attractive to borrowers because the consolidation frequently results in longer repayment periods and lower monthly payments.

When it comes to consolidation, the types of loans you have matters, but most federal loans, including Stafford, Perkins, Direct Plus and Supplemental loans, can be consolidated with other federal student loans."The interest rate on (federal) consolidation loans is an average of the interest rates on the (federal) loans you're consolidating," says Ken O'Connor, director of student advocacy for Fynanz, a New York City firm providing technology for the private student loan market.

This report was not chartered by or created on behalf of any lender listed below.

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life.

.4 trillion in outstanding student loan debt to the government.Your particular college or university may offer you federal student loans as part of your financial aid package.

You do not need to have credit or good credit to get a federal student loan, unless you are a parent borrower, but you will need good credit to get a private student loan.

Here's what you need to know before deciding to consolidate student loans.

Loan consolidation is when a borrower takes out a new loan to pay off several smaller student loans.

Finding the right bank to refinance or consolidate your student loans is confusing.

Fortunately, we’ve highlighted the six best banks and lenders to help you refinance and consolidate both private and federal student loans, based on your financial situation.

Consumers themselves are interested in keeping their scores in tip-top shape so they can save money by getting access to the best interest rates and other good deals.

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