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And finally, in the midst of the Navient scandal, our fourth article offers six tips for avoiding many of the common traps that student loan borrowers find themselves in.
on each article to learn more, and we hope you enjoy them!
Many college graduates will apply for a student consolidation loan to help with school loan repayment once they get out of school.
It is much easier to manage and pay for a single school loan payment each month than it is to keep track of four, or six (or more! Also, when you pay on student loans separately, each account is charging their own interest rates on the individual loan balances.
Consolidating the school loans into a single, larger loan lets net graduates benefit from having a single interest rate on the balance instead of multiple rates.