Consolidating unsubsidized stafford loans

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The bad news is that the federal government has extraordinary powers to collect student loans if you default.

Direct consolidation loans are now the only type of federal student consolidation loan.Interest Rates for Newer Loans: PLUS loans come in two varieties: 1) Parent PLUS loans are for parents borrowing for the education of dependent undergraduate children enrolled in school at least half time and 2) “Grad PLUS” loans are available for graduate and professional students.For PLUS loans first disbursed on July 1, 2019 and before July 1, 2020, the interest rate is 7.08%.Stafford loan limits vary depending on whether you are financially dependent or independent.The total amount of Stafford loans, including both subsidized and unsubsidized, that undergraduates can borrow is ,000 for dependent students and ,500 for independent students.

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