Student consolidation loans can be considered as a very viable way of easing the burden of accumulating debt especially among students who are more or less dependent on the money sent by their parents. For most students, taking out just one loan to fund their higher education expenses is not really feasible. With the rising cost of college education coupled with the accompanying rise in supplemental expenses (school supplies, assorted fees, cost of living and dormitory fees) a single loan will not be able to provide the kind of financial assistance that is needed by students.
These reasons compel most students to draw out more than one student loan in the course of their higher studies. It would not be surprising to see students having more than two student loans under their name. The problems arise when it comes time to pay off the loan. After a student graduates, he will not only contend with paying off his student loans but also with bills and other debts that he may incur over the course of his career. Juggling so many bills and loan payments could be too much to handle and it would not be far fetched to actually forget payment dates or worse, not have enough cash to...
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