Managing Your College Loans

You can consolidate them at favorable rates this year if you follow a few simple rules

When I graduated from college, I took a job as a management trainee in a department store. Why? For the money. The job paid $24,000, double the salary of the editorial-assistant position I really wanted at a magazine. Not surprisingly, I hated it. After three miserable months, I crawled to New York City to accept a different editorial job that paid even less. I could do so only because my parents had sold half the property under our home so I'd get through college without needing any student loans.

I had always appreciated that selfless gesture. And now I realize just...

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