Federal student loan consolidation is a fixed-rate refinancing program that combines all of your existing federal student loans into one new loan. Consolidation is a great tool for managing your finances - providing immediate payment relief and long term benefits.
- Reduce your monthly student loan payment up to 53%
- Simplify your finances - make one payment per month
- Improve your credit rating
- Save money today when you need it most
Learn how consolidation works in this step-by-step tutorial!
Why consolidate with us?
Get one-on-one personalized customer service. Our loan counselors will educate you on the benefits of federal student loan consolidation, and help you determine if consolidating is the right choice. We will explain the consolidation process, available repayment options, and of course all of the federal benefits that are tied into your consolidation. Most important, we will be at your disposal throughout the entire process - from start to finish.
Benefits of federal student loan consolidation
One of the key benefits of consolidating your federal loans is payment relief. Learn why this is best! By combining all of your student loans into one consolidated loan, you can lengthen your repayment term from the standard 10 years to up to 30 years, depending on the amount of your education debts. With a lower monthly payment, you'll have more money available to meet other living expenses, including car payments, housing expenses, and career-related necessities. Because there are no penalties for overpayment, you can make larger payments and reduce your repayment term when it becomes affordable. Additional benefits include:
- Reduce your interest rate 0.6% by consolidating during your grace period
- No credit checks, fees, or application charges
- Reduce your interest rate by as much as an additional 1.25% through our benefits package
Apply now - request a free information packet and application!
Consolidation FAQs - Frequently Asked Questions about Student Loan Consolidation?
What are the options for federal student loan consolidation?
Federal loan consolidation can include Federal Stafford Loan consolidation, PLUS Loan consolidation, Direct Loan consolidation as well as Perkins Loans, HEAL Loans and all Federal FFELP and Direct Loans taken to pay for your education. Private Student Loan consolidation is different - You will lose your federal loan benefits if you consolidate your federal loans into a private loan consolidation.
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