Private Student Loan Consolidation Means More Money to Meet Expenses

Private student loan consolidation allows borrowers to combine one or more of their education loans into a new loan that offers several advantages. Consolidation means making only one monthly payment to cover all your loans.

Pay less interest rates...

You may be able to reduce your consolidated monthly payments significantly by consolidating all your private student loans into one and you may be able to pay less interest rates than you´re paying on your current loans because the interest rate may be the same.

Stretch your repayment period...

You can also choose the repayment plan that best suits your financial circumstances. Depending on the amount of your education debt student loan consolidation allows you to stretch your repayment period from the standard 10 years to up to 30 years.

Even works for defaulted loans...

The lower payment means you´ll have more money available to meet other household and medical expenses, including car payments, childcare, and career-related necessities.

Private student loan consolidation even works for defaulted college loans if you agree either to repay your consolidators under the Income Contingent Repayment Plan or make satisfactory repayment arrangements (for consolidation purposes, defined as three consecutive, voluntary, on time, full monthly payments).

Private Student Loan Consolidation