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Can Private Loans Be Turned Into Fixed Rate Student Loans?

by Adam Hefner Fixed rate student loans basically aren’t available. Federal loans come closest, although the law can change. If you want the stability of a fixed interest rate, you will have to consolidate your student loans. The interest rate on private student loans can change from one day to the next. Federal student loans can only change if federal law changes them, which offers some stability. Private loans should be considered as a last resort, if federal loans and financial aid don’t

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