consolidate loan oregon student
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Student Loan Rates Headed Higher
Borrowers with multiple student loans have less than 48 hours to consolidate their debt and possibly save thousands of dollars before interest rates jump at midnight Friday.
The consolidation option won't be a good deal for everyone, and it will require homework to determine the advantages and which lender to consolidate with. But higher education officials say it will be worthwhile for most borrowers to explore the option, even though they must act quickly in the face of confusing options.
"We're not telling anyone that they need to or that they don't need to," said Elizabeth Bickford, director of financial aid at the University of Oregon. ``We're saying, here's the opportunity. We want you to look at it, because we think most students would benefit in some way.''
A good starting place is the government Web site www.loanconsoli dation.ed.gov.
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