Difficult choices
Most students, graduates and parents are bogged down with a big financial problem this month. They have no idea how to deal with the big rise in interest rates that will soon hit their federal student loans. Nytimes.com reports:
Students with a large debt burden who need relief as they start their working lives would benefit most from consolidating. Students should balance their debt against their expected income and their ability to manage money, and should look at other options offered by lenders, like plans with payments pegged to income levels.
Read more: Hard Choices as Loan Interest Rates Rise
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