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.
Private loans can typically only be consolidated with other private loans. And once consolidated, they usually have variable interest rates, O'Connor says. So when you apply counts. Consolidating private student loans when interest rates are low (like now) could potentially save thousands of dollars.. It also means your interest rate can fluctuate higher as the years tick by. Unlike federal loans, it can be trickier to get your private loans consolidated.