Definition The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. also called consolidation loan. also called debt consolidation.

Also called Loan Consolidation, a consolidation loan combines several student loans into one bigger loan from a single lender. The consolidation loan is like a refinance and is used to pay off the balances on the other loans. The primary intention is to replace multiple loans with a single "consolidated" loan to simplify repayment. For fe [..]

Loan that allows borrowers to lower their monthly payments by replacing their original loans with one loan. Consolidation loans typically have longer repayment periods and greater interest.

A consolidation loan combines all your loans in to one monthly payment, making it easier to manage and keep track of your outgoings.

A combining of several different debts to create one monthly payment, typically more affordable and sometimes with a lower interest rate overall.

A consolidation loan is a debt facility that pays off and replaces several smaller debts. Debtors would consolidate their debts to lower their monthly payment burden and overall interest rate. Consoli [..]

A consolidation loan is a form of refinance, where a new loan repays the outstanding balance on other loans, replacing them with a single new loan. Consolidating a borrower’s loans will streamline and [..]

A federal loan that is used to combine (consolidate) loans for borrowers with multiple lenders. Visit ed.gov for more information.

When several debts are combined into one loan in order to reduce the dollar amount of payments owed each month.

This is where applicants use one loan to pay off multiple debts into one simple payment. Ideally a consolidation loan is on a better interest rate with quicker repayment terms so you get rid of the debt quicker and save money. Alternatively it may be used to reduce how much you have to pay back debtors each month.

A debt management program that replaces multiple unsecured loans with a single loan, often with a lower monthly payment and a longer repayment period.

 

A loan which combines original loans into one loan in order to lower monthly payments. Consolidation loans typically have greater interest and repayment periods.

A loan made to enable a borrower with different types of loans to obtain a single loan with one interest rate and one repayment schedule. Federal Perkins, Federal Stafford (subsidized and unsubsidized), Direct Subsidized and Direct Unsubsidized, Health Education Assistance Loans (HEAL), Health Professions Student Loans, and Loans for Disadvantaged [..]

(Also called Loan Consolidation) A loan that combines several student loans into one bigger loan from a single lender. The consolidation loan is used to pay off the balances on the other loans.

A loan program that allows a borrower to combine one or more federal or private student loans into a single, new loan. See federal consolidation loans and private loan consolidation

Loan that allows the borrower to lower their monthly payments by combining their original loans into one loan. Consolidation loans typically have longer repayment periods and greater interest accrual. [..]

A consolidation loan combines several loans into one bigger loan. This sometimes results in a lower interest

A loan program that allows a borrower to combine various educational loans into one new loan. By extending the repayment period (up to 30 years depending on the loan amount) and allowing a single monthly payment, consolidation can make loan repayment easier for some borrowers. But since interest rates can be higher after this procedure, it is not r [..]

consolidation loans enable a borrower to combine eligible education loans into one new loan with one monthly payment. Consolidation can result in lower monthly payments but higher total dollars being repaid due to a longer repayment period and more interest being paid over the.life of the consolidation loan.

Consolidation loans are when a borrower combines a number of small loans into one large loan.  Borrowers typically consolidate loans to lower monthly payments.  However, over a period of time, the bor [..]

A loan that is used to combine and finance payments on other loans.