Consolidating federal loans sallie mae
See each lender's website with more details on how this figure is calculated.
If a borrower loses their job through no fault of their own, they may be eligible to receive unemployment benefits with some lenders.
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Interest rates may increase or decrease at any time and typically do so based on changes to LIBOR.
Borrowers typically have the option to make interest-only payments during this period in order to prevent accruing interest from increasing their balance.
Many parents take out "Parent PLUS" loans to pay for their children to attend college.
Longer terms will typically result in lower monthly payments but at a higher interest rate.
Borrowers may select any term offered by a lender regardless of the current loan term.