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Federal student loan consolidation does have a downside. When you consolidate your loans, it lowers your payment by extending the amount of time you have to pay off the loan. With federal student loan consolidation you get to choose if you want a standard repayment in which your monthly payment for the life of the loan is fixed.

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carenadh

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Nov. 22, 2007, 2:45 p.m.
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Avg rating: (+0/-0 0)
korr
May 6, 2008, 3:50 a.m.
Looks like the site isn't working, but the advice in the blurb is great. Student loans are a serious liability to a graduating individual, and many plans that claim that they will save you money could end up costing more in the long run.
I say stay away from student loans if you can, its a pretty shady business anyway.
http://freecollegeblog.com/school/student-loans...