Will Consolidating Education Loan Debt Hurt The Credit History?

Whenever you’re a university senior, you could believe that graduation can’t come fast sufficient. And whilst it’s truly a celebration to commemorate, graduating university does mean it is time and energy to begin repaying dozens of university loans you’ve accumulated.

Relating to a report granted by the nonprofit Institute for university Access and Success, two-thirds of university seniors whom graduated last year had loan financial obligation, which averaged $26,600.

As the level of education loan financial obligation you’ve got may differ with regards to the types of college you attended—public or private—and the state where you attended college, also an amount that is manageable of financial obligation can appear overwhelming whenever it is spread away over a couple of loans.

The good thing is it’s possible to consolidate all of your student education loans into a solitary loan. Continue reading