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Topics: Student Loans |
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| Student Loan Consollidation |
Submitted by:
ezbh1020 01/13/2009 11:59 PM
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I would recommend that if you have student loans to consolidate them. I used to work for a company that consolidated student loans and I learned that was a wonderful idea.
Here is the catch, when you consolidate your loans you get a longer time to pay them back based on how much you owe. Instead of paying them back in 15,20,25,or 30 years try paying them back in 10 years which is the amount of time the government would have given you to pay them back in the first place.
Also if you have trouble paying them back call them. The government has different payment options that allow for the loans be interest only or partial payments and these companies are required by law to offer the same breaks for loan repayment as the government does. |
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