Pros and cons of consolidating federal student loans
The rates for 2017 ranged from 4.45% for Direct Loans to 6% for graduate and professional loans to 7% for Direct PLUS loans.
Be sure to ask about fees, deferred payments or interest rate reductions attached to your loan.
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While these loans definitely have a ton of advantages, they are not without their warts.
For the purposes of this review, we will assume that a student has determined that borrowing money is essential...Universities and colleges are required to explain why they made their selections.