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Student Loan Debt: Federal Grants for Debt Relief

Pell Grants Posted on August 25, 2012 by Pell GrantsMarch 11, 2014

Students who took out federal loans to fund their education enjoy several exclusive privileges that are otherwise absent in private loans. For instance, federal student loans come with a predetermined interest rate and provide debtor safety. Moreover, these loans also have the provisions to grant deferment and forbearance, in case a student defaults on loan payment due to sudden financial crisis. However, it should be noted that students with Parent Plus loans or Perkins Loan cannot opt for the debt … Continue reading →

Posted in Student Loans | Tagged adjustable interest rate, debt consolidation programs, debt payment, federal loans, federal student loans, financial instability, income contingent repayment, repayment procedures, repayment term, student loan repayment | Leave a reply

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