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Consolidate your Student Loans and Save!
- Free, Fast, and Confidential
- No Credit Check or Credit Pull
- No Obligation!
- Consolidate Existing Loans to as Low as 4.5%!
- Consolidate To One Low Monthly Payment By Completing The Form!
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What does it mean to consolidate your federal student loans?
With about 2/3 of students graduating with student debt, it is common for a college graduate to have
various types of student loans, some federal and some private. Typically students are given a 6-month grace period after
graduation before payment requirements begin. The Federal Family Education Loan Program (FFELP) and the Federal Direct
Student Loan Program (FFELP) allow students to consolidate Federal Perkins Loans, Stafford Loans, and Plus Loans into
one new loan. In summary, student loan consolidation takes all your existing federal loans and combines them into one
loan, with a low fixed rate.
What is the main benefit in providing debt relief?
Consolidating your student loans comes with many benefits. First, you simplify the repayment process by paying off your student loans with one single payment a month. Second, you can reduce your monthly student loan payment up to 53% with some lending partners, putting less strain on your monthly budget. Third, although the repayment term is longer (usually you can select a term from 10-30 years), your interest rate is reduced to a fixed rate. With a lower interest rate, you should pay off more then the monthly requirement if possible. As a result, you end up paying less interest, as there are usually no prepayment penalties. Fourth, student loan consolidation can improve your credit score. If you cannot pay your current monthly requirements, consolidating will help, and therefore prevent the degradation of your credit score.
FILL OUT THE FORM TO THE LEFT AND GET QUOTES!
Great External Resource: Wikipedia Guide To Student Loan Consolidation
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