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.
What is Loan Consolidation? If you have multiple student loans you may be able to combine them into one loan with a fixed interest rate based on the average of the interest rates on the loans being consolidated. A Direct Consolidation Loan allows you to consolidate multiple federal education loans into one loan at no cost to you.