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A student loan is an unsecured loan made by lenders that receive government underwriting assistance. Without this government assistance, student loans would not be very practical. Lenders would find other more profitable arenas in which to loan their money. Nobody would be able to get a low interest student loan - without
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A student loan debt consolidation loan allows you to combine
your federal student loans into a single loan with one monthly
payment. The repayments of a student loan debt consolidation
loan can be significantly lower than the payment required under
the standard 10-year repayment option. Under the Federal Family
Education Loan (FFEL) Program, banks, secondary markets, credit
unions,
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You've heard about refinancing in the mortgage market. Who hasn't? Interest rates are at all-time lows. Folks have refinanced two and three times in as many years to save thousands of dollars in interest they would have otherwise paid. There's a similar lesser-known boom happening in the world of federal student loans.
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