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.
The interest rate on a federal consolidation loan is based on the interest rates of the federal education loans that are consolidated. Interest rates on private student loans may be based on the credit history of the borrower (and cosigner, if any) and can be either fixed or variable. In addition, there are two other federal student loans. Health Professions Student Loans (HPSL) are low-interest fixed-rate loans for undergraduate and graduate students with exceptional financial need.