consolidation loan


Also found in: Financial, Wikipedia.
Related to consolidation loan: Debt consolidation

consolidation loan

n
(Banking & Finance) a single loan which is taken out to pay off several separate existing loans
References in periodicals archive ?
Consolidation Loan Program Which Will Be An Attractive Option For Connecticut Residents Seeking
By leveraging a full complement of traditional, specialty and peer-to-peer/alternative lenders, borrowers can explore refinance and consolidation loan options for their student loans.
A Direct Consolidation Loan allows you to combine multiple federal education loans into one loan.
If you have a very high debt load and a low credit score, you might not qualify for the best interest rates on a consolidation loan.
One in four people who take out a debt consolidation loan go on to run up more debts, a survey claimed today.
Close to 100 exhibitors reviewed their consolidation loan programs and other financial aid products with approximately 3,100 attendees.
Lenders say the answer for most students is a consolidation loan, through which borrowers can combine their various loans under one interest rate.
Recently, trends in interest rates and consolidation loan volume have increased overall federal costs, leading Congress to consider cost reduction proposals.
25 percentage points can be realized for student and parent customers who consolidate their Stafford, PLUS and other eligible federal education loans using a Sallie Mae Federal Consolidation Loan by making scheduled loan payments on time and by using automatic debit to make payments electronically.
Federal Parent Loan for Undergraduate Students (PLUS Loan), Federal Consolidation Loan, and the PNC Bank Resource Loan.
On average, during the 1995-to-2003 period, FFELP consolidation loan borrowers had higher levels of consolidation loan debt than FDLP consolidation loan borrowers.
GCO ELF) announced today that it has successfully launched a Private Consolidation Loan Program to complement its suite of Educated Borrower private student loan products (www.
Full browser ?