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So, how does student loan consolidation work anyway? Well,unfortunately, too many students leave college with debt thatweighs them down heavily, burdening their lives with debt thatwill haunt them for many years to come. More often than not,students accumulate multiple loans from various lenders. Thisleads to multiple payments each month, and often several loanswith unfavorably high interest rates.
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It is incorrect to consider student loan debt consolidation asjust another loan. As a debt consolidation loan, the studentloan debt consolidation consolidates the entire debts, preparesa list of debts incurred, and then settles them through a singleloan.
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