When you have student loans, your payments can often feel out of control, especially if you have several payments. Our student loan consolidation program takes a look at your current loans and works with you to consolidate them into one payment at a lower rate, often giving you payments up to 50 percent lower than you are currently making. This can keep you from federal student loan default. You don’t need to do any of the work. We will determine which of your loans qualify, complete all the paperwork and submit them once you have signed, helping you lower your payments.
How Do You Benefit?
Our best student loan consolidation provides you with numerous benefits. We consolidate your federal student loans so you can experience:
One Lender and One Monthly Payment
- One monthly payment instead of several payments that add up to a high dollar amount. This makes it much easier to manage your student loans.
- More flexible payment options. Federal student loan consolidation allows you to choose payment plans that are income based so you don’t pay more than you can afford. You can even switch to a different plan in the future if your financial situation changes.
- No minimum amount to qualify for consolidation.
- Lower monthly payments. We will use a federal student loan refinance to get you a rate up to one to six percent less than what you are paying now.
Should You Consolidate?
We can help you answer this question. If you are having trouble making your payments, it is best to consider student loan consolidation to improve your situation. If you don’t take advantage of the student loan consolidation programs available to you, you could end up facing student loan garnishment. Remember, with student loans, bankruptcy is not an option. However, a student loan forgiveness program may be an option if you qualify.