Advantages and disadvantages of consolidating student loans

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First things first: Before you decide whether refinancing or consolidating makes sense, you have to decide on a goal.

Where some people hope to save money on long-term interest, others hope to score a lower monthly payment that they can actually afford – even if that means extending their loan term over several more years.

In most cases, there’s no way to avoid paying back those loans.

If your loans cover all your expenses, you won't have to work as much, or at all, as you otherwise would have planned to while in school.Almost anyone can qualify for private student loans, though the terms and conditions will vary.In fact with tuition prices skyrocketing, Private student loans are borrowed money used to pay for the costs of college tuition and other college expenses that must be repaid, unlike a scholarship or grant.How to pay for college is as complicated and important a decision as which college to choose, what to major in and whether to live on or off campus.Because if you don't have (or know where to get) at least ,000 to go to a state college for four years, your college dreams will be shattered before you even set foot on campus for orientation.Fin Aid’s student loan debt clock shows that at the time this article was posted, total debts exceeded

If your loans cover all your expenses, you won't have to work as much, or at all, as you otherwise would have planned to while in school.

Almost anyone can qualify for private student loans, though the terms and conditions will vary.

In fact with tuition prices skyrocketing, Private student loans are borrowed money used to pay for the costs of college tuition and other college expenses that must be repaid, unlike a scholarship or grant.

How to pay for college is as complicated and important a decision as which college to choose, what to major in and whether to live on or off campus.

Because if you don't have (or know where to get) at least $20,000 to go to a state college for four years, your college dreams will be shattered before you even set foot on campus for orientation.

Fin Aid’s student loan debt clock shows that at the time this article was posted, total debts exceeded $1.2 trillion.

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If your loans cover all your expenses, you won't have to work as much, or at all, as you otherwise would have planned to while in school.Almost anyone can qualify for private student loans, though the terms and conditions will vary.In fact with tuition prices skyrocketing, Private student loans are borrowed money used to pay for the costs of college tuition and other college expenses that must be repaid, unlike a scholarship or grant.How to pay for college is as complicated and important a decision as which college to choose, what to major in and whether to live on or off campus.Because if you don't have (or know where to get) at least $20,000 to go to a state college for four years, your college dreams will be shattered before you even set foot on campus for orientation.Fin Aid’s student loan debt clock shows that at the time this article was posted, total debts exceeded $1.2 trillion.

.2 trillion.

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