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.
If your loans are already with one of those servicers, you can stay or choose a new one. 4. Pick a repayment plan for your new consolidation loan. On the standard repayment plan for direct consolidation loans, youâll make equal monthly payments for 10 to 30 years, depending on your total federal student loan balance. Alternatively, there are six other repayment plans to choose from, including four income-driven plans.