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  2. Pros and cons of consolidating student loans

    www.aol.com/finance/pros-cons-consolidating...

    Cons of consolidating student loans. While consolidating can be a useful tool, there are still some drawbacks to be aware of before making the decision: Pay more interest over time: Choosing to ...

  3. Pros and cons of refinancing student loans - AOL

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    4. Con: You lose all federal benefits and protections. Federal student loans carry specific forgiveness and repayment benefits, including programs like Public Service Loan Forgiveness, closed ...

  4. Pros and cons of private student loans - AOL

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    Private student loans may offer higher borrowing limits and potentially lower interest rates compared to federal loans. Private student loans may also be tax deductible, but they can carry the ...

  5. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...

  6. Private student loan (United States) - Wikipedia

    en.wikipedia.org/wiki/Private_student_loan...

    Private student loans. A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans. Private loans, which are heavily advertised, do not have the forbearance and deferral options available with federal loans ...

  7. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]

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