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With the mounting cost of higher education, most lenders are
more than willing to loan you the money that you need to
pay for school.
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| Your loan may carry a high interest
rate—especially if you had no credit or less than
perfect credit. |
| If you have multiple loans, this can be a huge problem. |
| Some government-backed loan programs have strings
attached. |
| Family income limitations effect loan outcome. |
| Interest accrues |
| You do have to start paying back some loans 60 days
after the student leaves school. |
| Missing payments or making late payments only increases
the student loan debt. |
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| By consolidating, you can get
a better interest rate and lower your monthly payments. |
| Make only one payment each month. |
| Lengthen the term of your student loan
and lower payments by 50% by refinancing. |
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| If you want to eliminate your student debt once and for all,
the most important thing you can do is make your payments.
This may be over-simplifying but, make loan payments faithfully
and the debt will go away. |
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