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College Foundation, Inc. is not making new Federal
Consolidation Loans at this time.
If you are considering a Consolidation Loan, please be aware,
while it will lower your monthly payments, it also extends your
repayment period -- which will increase your total interest charges
over the life of the loan.
This example (using $18,400, the NC average debt for four
years of college) shows what happens if you replace your
Unsubsidized Stafford Loan with a Consolidation Loan. To get your
monthly payment lowered by $47, you'll pay 5 years longer and over
$4,000 more in interest:
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