carbon dating on the shroud of turin - Consolidating a defaulted private student loan
You may even consolidate as a way to get out of student loan default, as long as you either make three on-time payments beforehand or choose an income-driven repayment plan. Flexible repayment options: Federal student loan borrowers can choose among several repayment programs.
The standard payback period is 10 years, but there are other programs, called income-driven repayment plans, that tie loan bills to income.
But the longer you take to pay off a loan, the more interest you'll pay over time.
The sooner you can pay off your student loans, the sooner you can divert more of your savings to retirement, a home down payment or college savings for your kids.
Choosing one could make your payments much more affordable.