Current college students can’t consolidate their federal student loans while they’re still in school. Consolidation involves combining all of your loans into one single loan through the U.S. Department of Education. It’s a strategic move that will make payments simpler, but you won’t get a lower interest rate. However, it could lower your monthly payment…

Anna Helhoski writes for NerdWallet. Email: Twitter: @AnnaHelhoski.

The article Can I Consolidate Student Loans While Still in School? originally appeared on NerdWallet.

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