Kids & Money

June 1, 2012 5:00 AM

Take advantage now of student loan consolidation

The Special Direct Consolidation Loan program offers advantages over traditional plans, the biggest being a 0.25 percentage point decrease in the borrowing rate. That’s because these “bargains” can be expensive and impulsive and have more than the usual strings attached. But a special one-time loan consolidation offer from the U.S. Department of Education is an exception to my rule.

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