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| Private Student Loan Consolidation |  Private Consolidation Loan is a method which can decrease your monthly payment, have a convenience of a single payment, can save your money. The Private Consolidation Loan offers $5,000–$275,000 (without a cosigner) for eligible borrowers to combine one or more existing private education loans into one new loan.
Eligibility
• You must be a U.S. citizen or eligible permanent resident.
• You must have good credit or use the help of a creditworthy cosigner
• You have to be the age of majority in your state of residence.
• Students who want their loans to be consolidated must have completed or will complete his/her course of study within 30 days. (Proof of graduation may be required.)
Characteristics
• You can consolidate private education loans from $5,000 to $275,000 (without a cosigner).
• Combined billing with one convenient monthly payment.
• You can stretch repayment terms—up to 30 years (it depends on balance).
• You can choose any option which suits you. You can defer payments if you return to school.
• There is no prepayment penalty.
• There are no deadlines for application.
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