Should you consolidate your student loans? If you're looking for a more convenient way to repay your student loans and possibly lower your monthly payments, consider student loan consolidation.
Student loan consolidation allows you to consolidate all or some of your outstanding education loans into a single new loan, even if your loans are currently held by more than one lender and are of different loan types. By consolidating your student loans you can significantly lower your monthly payments by lengthening the term of your loans and locking in a low fixed interest rate.
Benefits of Consolidation
Now is the time for student borrowers to consolidate their outstanding student loans. Some benefits include:
- Reduce your monthly student loan payment by 50% or more.
- Fixed interest rate saving you thousands of dollars in interest over the life of your Federal Consolidation Loan.
- Flexible repayment schedules (standard, graduated, income sensitive and extended plans).
- One lender, one payment.
- No fees or credit checks.
- Tax-deductible interest.
What are you waiting for? Apply now and start saving! |
