Can I consolidate my student loans?

Asked 3 months ago
CIBC Student Loan Centre does offer options that may help individuals consolidate their student loans. Consolidating student loans can be a beneficial way to manage multiple loans by combining them into a single loan, which can simplify repayment and potentially lower monthly payments. This process generally involves taking out a new loan to pay off existing loans, allowing borrowers to focus on a single payment rather than juggling several. However, it is important for individuals to thoroughly review the terms and conditions associated with consolidation. Different types of loans, such as government or private loans, may have varying implications when consolidated. Factors such as interest rates, loan terms, and potential loss of certain benefits should also be considered in the decision-making process. To explore available options for consolidating student loans through CIBC Student Loan Centre, individuals may find it helpful to visit the official CIBC website. There, they can find more detailed information about their specific loan products and any relevant programs that might be available to assist with consolidation.
Christian Allen is the editor / author responsible for this content.
Answered Sep 4, 2025

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