Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance.
You will know how much you need to borrow and how much you can afford to pay every month.
You have to make the application for a debt consolidation loan straight away after finding the right type of product for you.
A debt counsellor or a specialised financial advisor will be able to provide the professional assistance which you require.
The specialist will determine your current financial position and present an effective strategy for getting out of debt.
The main goal is to get a lower interest rate on the consolidation loan.