Monday, December 10, 2007

Student Loans

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.

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