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I have about $ 50,000 in student loans separately and can not continue with payments. I want to work a deal with banks and try to modify the loan … Is this possible? I know sometimes it is possible with mortgages, etc? Gabriel: The closest thing to a student loan modification is a consolidation loan. A consolidation loan is actually a new loan that pays off all your previous debts. The consolidation loan will have its own terms and conditions again.[[Category:]]
