The loans taken by students for achieving the higher education goals for many years, the traditional methods have been used to provide the loan facilities to the students like they teach the students for example gave tuition to the students and finance their education expenses from that income. After that many companies have been formed to provide the loans and students can get much finance from those companies and after the achievement of degree and completion of their graduation from a reputed college they repay the loans with the interest, which is called the college loan consolidation.
However there are many parents who apply for the loan and funds from government institution for the financing of the educational expenses of their children’s. These loans are provided by every developed country’s government in order to make better future of the children’s of poor too not only the rich. These are the facilities to those parents who are in small government offices and have a low salary package that they are unable to make many expenses on their children’s education.
The loans are given to the students to complete their education at school level and the student loan consolidation is the school loan the students can get the whole loan at the fixed rate from the lender, thus the college loan is the Stafford loan and it is provided to the students of undergraduate graduates and it will be pay back to the lender with the small rate of interest. However the student loan consolidation is different in the way that it is the loan for completing the school education simply it is called the school loan.
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