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Although consolidating won’t save you money, it can make repaying your loans easier.

Switching to a fixed-rate loan may give you a slightly higher interest rate, but it will remain the same for the duration of your loan.

If your goal is to save money on your student loans, refinancing may be a better option for you than consolidation.

Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns.

Student Loan Hero is not a lender or investment advisor.

The new, refinanced loan can have completely different terms, too.

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