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Sunday, July 24, 2011

Advantages of Consolidating Student Loans

Worried about the variable interest rates of your student loans? Now debt management professionals have come up with some unique tricks to help you handle your student debt problems.
Student Debt Problems
Even fixed interest rate student loans like Federal Plus and Stafford Loans are subject to annual interest rate adjustments. Hence, depending on the updated interest rates, your monthly payment may still vary from year to year. Having student debt when you are already on a shoe-string budget means that these variable interest rates might add to your student debt problems even more.
But there is a debt management solution that can help you do away with higher interest student debt problems. You can convert your variable interest rate student loans into one fixed-rate student loan, courtesy of student loan consolidation.
Eligibility of Student Consolidation Loans

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