 Posted: Wed Feb 01, 2006 10:35 am Subject: |
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Romaine,
Welcome to forums 
It seems that you are caught up with student loans. Could you explain what the type of your loan is? Is it Federal loan or Private loan? Federal student loan system is designed with so many repayment options for its borrowers. Moreover there are some tools that help the borrowers stay current on the loan account.
Federal consolidation loan is a good option to repay your student loans. It has several benefits, like easy monthly installment, lower rates of interest and many more. That is the reason borrowers find student loan consolidation to be very useful.
It is wiser to make suitable repayment plans for your student loans because federal loans have no SOL, so you have to pay it. And wage garnishment is possible on federal loans without any court order. So make your own plans before it's late.
Also browse this forum to know more facts about student loans. If you face any difficulty, please do not hesitate to inquire.
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Pay off debt and enter a debt free life.
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4ubryan
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