| School
Loan Consolidation - FAQ We have
received a lot of these questions about school, college and education loan consolidation.
Here are our answers to them:
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| Question: |
What is the main benefit of school
loan consolidation? |
| Answer: |
You will get lower monthly payment payable
to just one loan company and, most likely, your loan will come with a better or fixed
interest rate. |
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| Question: |
Does "school loan
consolidation" mean that they will write-off my college debt? |
| Answer: |
No. By doing school loan consolidation you
will get lower monthly payments extended for a longer time. It means that in the long run
you will pay more. (sometimes as twice as much). |
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| Question: |
What happend when I will not pay my
student loans? |
| Answer: |
You will get reported to credit bureaus and
get your credit damaged. |
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| Question: |
Can I get of rid of my school debt
in bankruptcy? |
| Answer: |
Most likely not. |
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| Question: |
What is the best solution for
paying-off my school loan? |
| Answer: |
You can make big money to pay-off your
school loans realy fast by investing, real estate investing or by doing high-paying risky
jobs only. |
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