Drowning in Educational Loan Debt: Will Loan Consolidation Save You? Posted By : Kelli Smith

It’s the first of the month and you’ve received a fistful of bills for the many different student loans that helped pay for your education: Perkins, subsidized and unsubsidized FFEL or Direct Stafford, and PLUS. Your salary hasn’t reached the six figure income you had hoped for yet. Each month you watch as your hard earned cash evaporates in educational loan payments while you live in a cramped studio apartment and drive a car older than you are.

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