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Federal Loan Consolidation

| Filed under International Economy

Federal Loan Consolidation

There are three federal direct loans that are considered outstanding types of school loans: parent loans, private loans and federal student loans. Each type of loan has a specific application process and has special eligibilities. College loans should be a last resort after you have received all the financial aid through Pell Grants and scholarships. Federal loans are offered after your Pell Grants are exhausted when you’ve filled out the FAFSA (Free Application for Federal Student Aid). Once you have completed college you may be in need of federal loan consolidation. This will help you stay out of debt and avoid extreFederal Loan Consolidation 228x300 Federal Loan Consolidationme amounts of interest being accrued as you are trying to pay your loans back.

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College Loan Consolidation

| Filed under International Economy

College Loan Consolidation

After the books and lectures are finished and you’ve made the walk across the stage for your degree you next big worry is paying back your college loans. Only 5% of students are able to get a full ride with scholarships, so don’t be disheartened about having to take out some government student loans. You can get advice from your college loan counselor. If you need some advice on how to consolidate your loans, or college loan consolidation, but while their advice is sound in theory, you should also consult people who have actually started paying back their loans and compare theory to reality. This might be your best option to one day in the near future to be completely debt free as well as having a great credit report to boot.

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