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Loan Consolidation
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Loan Consolidation may be an option if you have multiple lenders, significant loan debt, or
different types of student loans. Through consolidation, a lender buys all of your eligible loans
and combines them into one new loan. Consolidation offers benefits such as an extended repayment
period and a single payment. Consolidation has drawbacks such as extra interest over the life of
the loan and/or loss of deferment and cancellation eligibility.
Your school may be able to provide a list of consolidation lenders. (UAS does not recommend
any specific lender.) Before you choose consolidation, be sure you understand the benefits and drawbacks.
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