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Here are six ways that canhopefully help lower your rates.
It will add up to big savings in the long run.
Even better, over the life of your loan, youd save over $3,000 in interest.
This reduces the risk that the lender takes, resulting in a much lower interest rate on your loan.
First, the plans automatically reduce your payment to between 10% and 20% of your discretionary income.
If you arent earning that much, your payment might be lowered by a considerable amount.
Final Take To GO: Federal vs.
There arepros and consto both federal and private student loans.
However, its important to understand the differences, especially when it comes to loan rates and flexibility.
However, not all borrowers can qualify for federal student loans.
John Csiszar contributed to the reporting for this article.
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