House lawmakers voted for a major shake-up of the student loan industry Sunday, ending most private banks’ ability to originate lending in the market.
To consolidate student loans debt, you need to obtain one large loan that covers the sum of your current small loans from different lenders. Preferably the lower the interest rate the better. Obtaining a student loan is a way of investing in your future. The government will generally help by offering grants but you have to meet a strict criteria to qualify for a federal student loans.
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