Student loan consolidation is explained below.
Student loans are loans offered to students to assist in payment of the costs of
professional education. These loans usually carry a lower interest rate than other
loans and are usually issued by the government. Often they are supplemented by
student grants which do not have to be repaid.
Alternative Education Loan - (also known as Private Education Loan) When the
federal loans won't cover the cost of schooling, private companies provide loans
(at a higher rate of interest) to students or families. These may depend on the
credit worthiness of the applicant.These are also called college loans.
Monday, December 10, 2007
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