Overwhelmed by student loans? We can help you save money with consolidation!
What It Is
Student loan consolidation combines all of your student loan debts into one, lower-interest loan. When you consolidate student loans, you can lock in low, fixed interest rates, reduce monthly payments, and/or lengthen the amount of time you have to repay the loan. You can consolidate student loans using federal or private consolidation loans. You can apply for both right here on our site.
Why Consolidate Student Loans
The benefits of consolidating your student loans are substantial. Almost anyone with student loans can benefit from a consolidation loan. With most student loans, your interest rates can rise considerably unless you lock in a fixed rate with a consolidation loan. Here are some of the reasons you might want to consolidate student loans:
- No credit check required for federal consolidation
- Apply online
- Combine all student loans into one easy monthly payment
- Lower your monthly payments by up to 50%
- Get up to 20 years more to repay your student loans
- Get a low, fixed interest rate that lasts for the life of the loan
- No cosigner necessary for federal consolidation
- No origination or application fees
- No prepayment penalty
