can cost more than $15,000. For students, getting loans to pay for school is often a necessity. If you borrow $15,00 at 6.8 percent, you will pay $172 a month for 10 years. By the time your loan is paid off, you will pay more than $20,000 for the amount you originally borrowed. Paying off student loans can be daunting. This task is made even more challenging by the fact that you may have different loans, interest rates and payment times. For many students, student loan consolidation is an option for…
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