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Updated by William Schwin on Jan 30, 2014
Headline for Loan Consolidation Pay Off Credit Card Debt 2014
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Loan Consolidation Pay Off Credit Card Debt 2014

Percentage of Undergraduate Students Borrowing Stafford Loans over Time

NOTE: Percentages are based on preliminary IPEDS estimates of undergraduate headcount enrollment at Title IV-participating institutions. Some students may be counted more than once if they enrolled in more than one institution, leading to a slight underestimate of the percentage borrowing. Percentages may not sum to 100 because of rounding.

Consolidation

In technical analysis, the movement of an asset's price within a well-defined pattern or barrier of trading levels. Consolidation is generally regarded as a period of indecision, which ends when the price of the asset breaks beyond the restrictive barriers.

Debt consolidation

Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

How to Consolidate Your Debt

Are you trying to figure out how to consolidate your debt? One of our readers, Ricky, wrote on the Credit.com blog that he is "trying to consolidate bills since divorce to get back on track." Another reader, Norma, wrote: I have too much credit card debt with high interest.