Never do this: Student Educational Loan Consolidation!

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As a student you may have taken out various student loans but are unable to pay them now. If debt management has become a problem, then you can opt for student educational loan consolidation. In this case you take out a loan that pays off all your multiple student loans and thus, you need to pay only towards the student educational loan rather than paying your multiple creditors. It also offers lower rates of interest as compared to your current loans and thus, reduces the total amount that you needed to pay.

This process surely has many advantages, but it also has many disadvantages. Some of the disadvantages of student educational loan consolidation are as follows.

1. Can not

Take a school trip to a foreign country!

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One of the most exciting things about taking a language at my high school was always that every other year they took a trip to a country that spoke the respective language. Spanish learners went to Spain, Punjabi learners went to India, German learners went to Germany.

For the kids who went on these, they were a ton of fun. I had the pleasure of going to Germany in the summer of 2010, and I would fully recommend making a similar trip. If you’re unsure if you want to go or not, maybe I can convince you.

If your family doesn’t travel much, this might be one of the only opportunities you have to travel, let alone leave your home …