What Does Student Loan Origination Mean?

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When you apply for a student loan, lender processes your application before it can be approved. In industry terms, this is known as to as student loan origination. Origination Think of the root word “Origin.” This is a brand new loan, created by the lender for you. Student loan origination basically refers to all the …

Can I Consolidate Federal and Private Loans?

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If you’re taking out both federal and private loans, you may be wondering if you can consolidate, or combine, those loans after graduation. Here’s what you need to know about your options, consolidating, and refinancing. Yes, You Can Consolidate Federal and Private Loans! Although it wasn’t an option for years, you are now able to …

What Are Interest-Only Repayment Plans?

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In an interest-only repayment plan, borrowers pay back only the interest that accrues on their loan every month. This is unlike standard repayment plans where monthly payments are used to cover a part of both, interest as well as principal. While there are some benefits to choosing interest-only repayment plans, there are also a few …

Should I Consolidate My Student Loans?

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Student loan consolidation involves combining multiple loans into one. The consolidation is generally done through a new lender and the resultant loan is considered as a completely new loan with a different interest rate and different payment policy. Student loan consolidation is not the right decision for everyone, however. It does have a few downsides …