EdFed: Federal Loan Consolidation

Federal loan consolidation allows you to consolidate your outstanding federal 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. Most importantly, you can save thousands of dollars during the entire repayment term.

Additional Federal Loan Consolidation Benefits: Fixed rates as low as 6.75% Extended repayment term with lower monthly payments No fees No credit checks No prepayment penalties Seven flexible repayment plans Turn several monthly payments into one Deferment and forbearance available

Fixed rates as low as 6.75%

By locking in the current low rates, you can lock in a fixed rate as low as 6.75%!

Know more about this topic at Edfed.com