Student Debt Consolidation
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Debt consolidation - Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.
Student unionism in Australia - All major Australian universities have one or more student organisations, known variously as student associations, student guilds, student unions, or student representative councils. These student-run bodies provide many services, typically including refectories and bookshops, student media and publications, academic rights advocacy, support for a variety of social, arts, political, recreational, special interest and sporting clubs and societies, and political advocacy for issues concerning students.
Subordinated (debt) - Subordinated debt, also known as junior debt, is a finance term to describe debt that is unsecured or has a lesser priority than that of an additional debt claim on the same asset. This means that if the party that issued the debt defaults on it, people holding subordinated debt get paid after the holders of the "senior debt," and hence is more risky.
SLM Corporation - SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the United States' number one college student loan company, managing more than $122.5 billion in debt for more than 8 million borrowers, and employing 10,000 individuals at offices nationwide.
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