Home equity loans or home equity lines of credit are another form of consolidation sought by some people, as the interest on this type of loan is deductible for borrowers taxpayers who itemize their deductions.
There are also several consolidation options available from the federal government for those with student loans.
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It’s possible, but might not work the way you’d expect.
Here’s what you need to know if you’re hoping to combine student loans with other debts.
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