The Loan Arrangers: Consolidating Student Loans Can Be Tricky

If you’re stuck paying down student loans, and need to catch your breath, a loan consolidation may be in the cards. But before you sign on the dotted line, you’ll have to weight the pros and cons first.

No doubt, plenty of student loan borrowers can make a case for consolidating their loans. According to The College Board, between 2000–2001 and 2006–07, an estimated 60% of bachelor’s degree recipients borrowed to fund their education. The College Board also reports that the average debt per student loan borrower average increased 18%, to $22,700 in 2007 from $19,300 in 2001.


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