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Terms to know when you repay student loans Paying off student loans can be a challenge, and loan statements full of unfamiliar vocabulary can make the process seem intimidating.

Understanding the terminology can help you get a better handle on repaying your student loans. 3 ways to reduce the cost If you're considering going back to school, you're likely thinking about how you're going to pay for it.

Like many of my classmates, I came out of law school into the legal profession hopeful to land a good job and quickly repay my debt.

I found myself, however, to be the only employer I could count on. So, I applied to the federal Department of Education’s Special Consolidation Program in June 2012.

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At the heart of the matter is the enduring American value: If you work hard in school, you can get ahead in life.This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have.If you prefer that we do not use this information, you may opt out of online behavioral advertising.This led to improper paperwork being exchanged in my consolidation application. The first loan included in my consolidation application was not paid for three months.I placed my other accounts in forbearance after this time, once I discovered errors were being made.

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