Student Loan Programs: As Federal Costs of Loan Consolidation Rise, Other Options Should Be Examined
Description:
A letter report issued by the General Accounting Office with an abstract that begins "The federal government makes consolidation loans available to help borrowers manage their student loan debt. By combining loans into one and extending the repayment period, a consolidation loan reduces monthly repayments, which may lower default risk and, thereby, reduce federal costs of loan defaults. Consolidation loans also allow borrowers to lock in a fixed interest rate--an option not available for other …
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Date:
October 31, 2003
Creator:
United States. General Accounting Office.
Partner:
UNT Libraries Government Documents Department