1 The technology is destined for oblivion. 2  The names of the people who lived here long ago have faded into oblivion. 3  His theories have faded into scientific oblivion. 4  Her work was rescued from oblivion when it was rediscovered in the early 1900s.
Student loan consolidation is the process of merging multiple student loans into one new loan with one easy monthly payment, rather than multiple payments each month. Essentially, the new loan pays off your old student loans when you consolidate. Because your old student loans are paid off, the consolidation process is not reversible.
Consolidate your student loans at a lower interest rate. This option has its pitfalls: First, you need to make sure that your new interest rate is lower than the rate you already have. Second, even though you get a lower interest rate and monthly payments, you'll end up with a longer payment term.