Understanding Defaults
Defaults on student loans lead to severe consequences, including damage to credit scores and wage garnishment. Consolidation and refinancing are distinct processes, with consolidation allowing for a single loan while maintaining federal protections. When paying off loans, the avalanche method targets high-interest loans for faster savings, while the snowball method focuses on smaller balances for quicker wins, catering to different financial personalities.In this clip
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Life Kit
Student loan repayment is resuming. Here's what you need to know
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