Graduate Student Debt | 09.12.07
I recently read an article on Graduate student and the debt burden that they often carry – not only is undergraduate school debt often present, but graduates typically don’t have the parental/family contribution that they had while an undergrad student. As the article mentioned, graduates have about $8,000 in credit card debt – made up of charges from books, transportation and college or university fees. It also doesn’t help that most undergraduates graduate with about $3,500 in credit card debt, so it’s no surprise that the bills keep racking up.
The best option for graduate students is to consolidate all undergraduate debt. On a Federal loan consolidation, payments and interest rates are fixed for life, meaning no “surprise” monthly bills that creep up on you. The best part, is that payments can be fully deferred while you are enrolled in school.
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