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Follow on Google News | Student Loan Consolidation now availbable for free in CanadaUntil recent student loan consolidation in Canada was very costly. We have just launched a new site and service to help cut costs dramatically for student loan management and repayment.
By: Raj Patel It is Free: The process for incurring a student loan consolidation is completely free of cost. Keep this thing in mind that if any lender is asking you to pay the consolidation fee then the lender is surely a scam or a cheater. These types of scams are quite common all over the world. How to Consolidate Student Loan in Your own Name: This regulation is compulsory for everyone. In case the student’s parent name or spouse name is written over the loan agreement then it is possible that they can consolidate your loan. The only problem is that your spouse or parents are not allowed to blend all the loans into one single consolidation loan. They have to be separate completely. The same applies in the case of married students as per the 2006 act. Consolidate While in School- Not Possible: You are allowed for student loan consolidation only and only when the loan has entered into its grace period that is 6 months after the completion of your graduation or you have dropped from the school. Another option to opt for student loan consolidation program is when you have started repaying the loan. It is not gainful for all but is worth the try to know if you can save your money as well as can manage your loans in much more easy way. Graduates or students can consolidate the loans with any Lender: In case of lenders, there is not even a single restriction for the students. You can go for any lender you wish to opt for. It is completely your choice. This way you can search around well in order to get the best lender with low rates of interests but good incentives at the same time. Remember that most of the lenders need a minimum account balance of about $7,500 and sometimes more that this. It may differ from one lender to another. All the lenders offer basic 10 year loan repayment option. Long term but lower monthly repayments, it is mind blowing. The maximum time period is up to 30 years learn more at http://www.studentloansconsolidation.ca # # # About Student Loan Consolidation Canada. We are a organization in Canada looking to help student decrease their student loan debt with proper money management. End
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