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  2. I’m 67 years old and have $35K in student debt that I can’t ...

    www.aol.com/finance/m-67-years-old-35k-111700074...

    In fact, borrowers aged 60 and over now account for 8.3% of student loans, according to the Education Data Initiative. That cohort has an average outstanding loan balance of $37,360.

  3. Why so few banks refinance student loans - AOL

    www.aol.com/finance/why-few-banks-refinance...

    SoFi started strictly as a student loan refinance company but received approval from federal regulators in early 2022 to become a national bank. The online bank offers loans as low as $5,000 with ...

  4. Student Loans: 4 Interest Rate Discounts Can Help Lower ... - AOL

    www.aol.com/student-loans-4-interest-rate...

    Here are four student loan interest-rate discounts that can help lower your monthly payments: Automatic Payment Discounts. Borrowers can cut 0.25% off their federal direct loans by signing up for ...

  5. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]

  6. Pros and cons of debt consolidation

    www.aol.com/finance/pros-cons-debt-consolidation...

    3. Lower interest rates. As of February 2024, the average credit card rate is 20.72 percent. Meanwhile, the average personal loan rate is 11.93 percent. Of course, rates vary depending on your ...

  7. Private student loan (United States) - Wikipedia

    en.wikipedia.org/wiki/Private_student_loan...

    Private student loans usually have substantially higher interest rates, and the rates fluctuate depending on the financial markets. Some private loans require substantial up-front origination fees ("points") along with lower interest rates. Interest rates also vary depending on the applicant's credit history.

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