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Goverment Student Loan Consolidation
Goverment Student Loan Consolidation. The federal goverment offers a student loan consolidation program. This is a way for students who have graduated to lessen their monthly payments by taking all of their student loans and combining them into a single longer term loan. This actually results in an increase in the total cost of the loan, but can significantly ease the burden on a student during the first few years of employment. | |
Like other federal student loans, this program allows the student to defer payment for up to three years in the case of a financial or economic hardship or if they return to school for advanced studies.To apply for this loan, fill out the Federal Consolidation Master Promissory Note request (http://www.StudentLoanConsolidator.com).
You can determine your loan information using the US Department of Education National Student Loan Database System (NSLDS) Goverment Student Loan Consolidation
