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Try On Subsidized Stafford Loans
Tweet Share on Facebook January 26, 2011 Comment (1)If you enroll in college at least half time, you can get Stafford Loans for your undergraduate, graduate, and professional studies through the Direct Loan program. Stafford Loans come in two shades: Subsidized and Unsubsidized. Subsidized is this year's black—it looks good on everyone.
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4 Reasons to Consolidate Your Student Loans
Tweet Share on Facebook January 19, 2011 Comment (24)Consolidation is like refinancing—you get a new loan, the new loan pays off your old loans, and you pay the new consolidation loan instead. Why bother? Below are some important FAQs on this subject:
Which loans can I consolidate? You can consolidate pretty much all kinds of federal student loans like Subsidized and Unsubsidized Stafford Loans, PLUS Loans, and Perkins Loans, including most federal loans in default. But be careful—defaulted Direct Consolidation Loans can't be reconsolidated, so you only get one chance to use consolidation to get out of default.
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Keep Track of Student Loans in One Place
Tweet Share on Facebook January 12, 2011 Comment (2)Have a lot of student loans but not sure exactly how much you owe or who to pay? Join the club. Student loans are frustratingly complicated; it's not easy to keep track of how much you owe and to whom.
Enter the National Student Loan Data System, a website with real information you can use. The federal government tracks every federal student loan you ever borrowed and lists it there.
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Relieve Student Loan Burden With Public Service
Tweet Share on Facebook January 5, 2011 Comment (3)The Public Service Loan Forgiveness program created by the College Cost Reduction and Access Act encourages individuals to enter and continue full-time public service employment by offering loan forgiveness for those borrowers that meet the requirements. To qualify, a borrower must make 120 qualifying monthly loan payments (once a month for 10 years) on eligible loans while working in qualifying public service employment.
What is qualifying employment? Qualifying public service employment is full-time paid work in the government; a 501(c)(3) nonprofit; an AmeriCorps or Peace Corps position; or for a private "public service organization."
