Student Loan Consolidation: Everything You Need to Know
News Consolidate Your Loans Consolidating your student loans can save you time and money. Find consolidatign how to consolidate and pros and cons of consolidating college loans tips path. Choose Your Debt Amount By clicking this link, you will be directed to the website of one of our affiliates who specializes in student loan financing. We receive a fixed marketing fee for providing this service. Confused About Consolidation? Get the Facts Before You Decide The concept of student loan consolidation is simple. you apply for one large loan which will be used to pay off all your existing student loans. However, debt consolidation is sometimes a tradeoff, an exchange of easier payment terms for a more expensive loan, since you may pay more interest on the same sum over a longer period of time. The ideal consolidation loan would be one in which you took advantage of a financial trend to secure a lower interest rate, or were able to do so because of your excellent payment history, without extending the term of any existing loan.
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Share to twitter Share to linkedin It seemed like Monopoly money to her. Emily, a New York University senior who prefers not to use her last name, took on thousands of dollars of student-loan debt without giving it much thought--until now. Instead, it's a complex process with which millions of college grads must grapple.
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