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Consolidate Your Federal and Private Student Loans Here

Consolidate Your Federal or Private Student Loans

Get The Lowest Interest Rates Possible By Using 1 of Our Recommended Consolidators

Before You Consolidate Your College Student Loans.......Check These Tips

1. Consolidate Federal Loans With a New Federal Loan - You can't obtain a federal consolidation loan to consolidate a bank, credit union, private student loan or any other type of college loan that was made by a private institution. Federal loans include Stafford loans, Perkins and PLUS loans.

2. It's usually not smart to consolidate a Federal Perkins Loan - Perkins loans have a fixed interest rate of 5%, which is already very good. The interest is subsidized during deferment periods - which will be lost with consolidation. There are other benefits that can be lost with college loan consolidation program as well.

3. Will You End Up Paying More Interest Over Time? - Even if your interest rate will be lower, the loan term might be longer, which would mean more interest paid over time.

1. Lower your payments by $100-500 of dollars per month.
2. Simplify your payment plan by only paying once per month.
3. Get a fixed interest rate.

Most of the main financial aid options offered through colleges and universities are government or federal loan programs. These are the type that can easily be consolidated with another federal loan. It's the private loans that need to be consolidated through another private loan company or lender.

Applying online can save time and money. The companies we recommend offer some of the lowest rates available to consolidate college loans. The companies we recommend also offer a variety of consolidation services and programs.

When consolidating federal student loans like Stafford loans, Perkins or Plus loans, typically you can get a much lower interest rate if you consolidate with a new federal loan as opposed to a private consolidation loan which typically has slightly higher interest rates and less favorable terms.

If you have private educational loans, those will have to be consolidated into a new private loan. Sometimes quite a bit of money can be saved every month if all of the private loan payments are consolidated into a loan with a lower interest rate. Try using our recommended private college loan consolidator listed above for the lowest rates.

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