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Consolidate loanstudent consolidating student loan student

We’ve got you covered with our Student Loan Smarts blog series.

Due to a change in federal lender subsidies, many of these solicitations have stopped, but that does not mean you cannot consolidate your college loans.

If you have Federal Stafford, PLUS, or Perkins loans, you can consolidate them together.

For example, the government’s Pay As You Earn (PAYE) and Income-Based Repayment (IBR) programs allow borrowers to make reduced monthly payments based on financial hardship.

But if your income is over a certain threshold, you won’t benefit from these programs.

That figure is important if you are eligible for the student loan interest tax deduction.

Although the deduction will not save you a lot of money, every little bit helps.

If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation!