What loans are eligible for
student consolidation?

Federal Consolidation
and Federal Direct Consolidation loans.

Federal Nursing
Student Loans

Federal Perkins Loan

Federal Stafford Loans
and Federal Direct
Stafford student loans,
both unsubsidized and subsidized.

Federal Supplemental
Loans for Students
and Parents

Health Professions
Student Loans (HPSL).

   Many private student
loans from multiple banks and college lenders

MAY: Did you know ... ?

We bet you knew that College grants are a wonderful way to pay for your schooling, and if you can find college grants that are trying to award money to people like you (specialized), then applying for those college grants should be a vital step in your quest for college financing options.  College grants can make your college experience that much better, by simply providing you with more free time because you had the luxury of not having to work during the semester, Once awarded, Grants can help to fund your education for the rest of your time in school.

BENEFITS OF STUDENT LOAN CONSOLIDATION
AND REFINANCE:

You can likely save money and lower your monthly payments if you consolidate your student loans with a college loan consolidation and lending company. Consolidating student loans is a student loan repayment option which has become common and often necessary, thanks to today's lower federal consolidation student loan interest rates.  Federal Consolidation Loans offer a fixed rate for the entire repayment period. Borrowers that consolidate student loans will secure the new low rate for the length of the new payment plan.

Student Loan Consolidation offers you:

          Lower monthly payments and fees: A Federal Student Consolidation loan will give you the ability to lower your monthly payments 60% or more.

          Post-school grace period: Interest rates on Stafford Loans are roughly .5% lower for borrowers who are currently in their 6 month, post school grace period. By consolidating your student loans during your grace period you can lock in to an even lower fixed interest rate.

          Fixed Interest Rates: Although interest rates on federal and private student loans may vary each year, the interest rate on a Federal Student Consolidation loan is fixed for the entire duration of the loan. The consolidation
of student loans is based on the average interest rates of the loans you want to consolidate. The fixed rate is rounded to the nearest 1/10th of 1 percent. The average student loan consolidation rate averages 6%.

          Saves you time: Federal Student Consolidation loan will simplify your life. A single monthly payment to a single lender vs. several checks and payments to multiple lenders.

          Extended Payment Opportunity: Some Federal Student Consolidation loans will allow you to extend your repayment plan for up to thirty (30) years.

          No penalties for pre-paying: You have the flexibility and option to pay
off your Federal Student Consolidation loan in full or over time without penalties or fees.

What repayment plan works for your student loan consolidation:

·        A level repayment plan; where you have a fixed monthly payment for the duration of your plan. This type averages a minimum of $50 per month. 

·        A plan which is graduated; where your monthly payments are initially low but do increase over time. This plan is recommended if you expect to increase your income over the duration of your repayment period. NOTE: When you make smaller payments your interest charges will be higher then if you started at a level plan. 

·        Income sensitive student loan repayment plan; Payments will be adjusted in accordance to the fluctuation of your total household income. If you currently are having problems paying your loans this might be the right plan for you. 

·        Extended repayment plan. In order to qualify for this plan you must have more then $30,000 educational loan debt. You can take up to 30 years to pay off your consolidation loan.

You can chose the right plan for your individual needs when applying for a federal consolidation loan. 

A brief overview of student loan consolidation, in basic terms: You do not have to consolidate with the companies currently holding your loan. People often consolidate their student loans with one of the Better Business Bureau Student loan Consolidation companies and resources who specialize in student loan consolidation. Below we've listed some trusted student loan consolidation companies and website resources that feature the low rates and helpful customer service: 

1.  Student Loan Headquarters - Consolidate private
student loans to as lower interest. Complete a no obligation
online form then let multiple lenders compete for you.

2.    Federal Student Loan consolidation - Department of Education - Federal Student Loan consolidation from the leading loan consolidator.

3.    School Loan Consolidation (federal, private)

4.     Nellie Mae (federal) - www.nelliemae.com

5.     Citibank (federal and private student loan consolidation) - www.studentloan.com

6.     Consolidate Student Loans Directory of lenders.
(Stafford, PLUS, Private consolidation).

7.   CLC - College Loan Corporation (federal) www.collegeloan.com

8.   Sallie Mae - (federal and private) - www.salliemae.com