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March 31st, 2012

Debt Consolidations

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You still have to pay back what you borrowed, but with a student loan debt consolidation make monthly payments to just one lender. Some student loan debt consolidations are settled at a fixed rate, so you don't have to worry when July 1 rolls around each year that your payment will go up. In the Income Contingent Repayment Plan, a reasonable monthly payment amount is determined based on your annual gross income, family size, and total direct student loan debt.

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