| type="text/javascript"> | | | | government student loans, which have the backing and |
| Before finally deciding on obtaining federal student loan | | | | assurance from the United States government. |
| consolidation program, it is a must that prospective | | | | This means that if you have government loans, they |
| student borrowers learn more about important points | | | | can be refinanced at much lower interest rates than |
| on college loans. First, he must understand that there | | | | your private type of debt. If you possess both types |
| are two types of student debts, which are the | | | | of loans, you will have to merge federal college loans |
| government type of loans and the private ones. | | | | as a separate group from the private type. It is a must |
| Generally, private college debts are known to have | | | | that you do not mix these two types in order for you |
| much higher interest rates than the federal type of | | | | to take advantage of the lower rate that government |
| college loans. This is because private loans are | | | | loans offer. |
| basically unsecured type. This is the opposite of the | | | | |