Student Loan Consolidation

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Student Loan Consolidation is a practical repayment tool that bundles all your school loans into one loan, significantly reducing your monthly payment. Take a look at how much you can save each month with our student loan consolidation calculator.

Federal Loan Consolidation

Learn about federal student loan consolidation

Consolidating your federal student loans can reduce your monthly payment up to 53%. You can eSign your application online and be finished in minutes.

Private Loan Consolidation

Learn about private student loan consolidation

Our private student loan consolidation program offers interest rate reductions for on-time and automatic payments and there are no pre-payment penalties.

How much can you save each month?

If you consolidate student loans right now, you could save hundreds of dollars a month. Here's a quick chart showing how much you could save on your monthly payments:

Total Loans Current Payment After Consolidation Monthly Savings
$30,000.00$342.48$227.22$115.26!
$40,000.00$456.64$275.10$181.53!
$50,000.00$570.80$343.88$226.92!
$75,000.00$856.20$483.96$372.24!
$100,000.00$1,141.59$645.28$496.32!

Savings shown are based on the current Stafford Loan interest rate of 6.8%; borrowers in grace periods, with student loans other than Stafford (i.e. PLUS or Perkins loans), or with Stafford Loans older than July 1, 1998, will have different interest rates.

Student Loan Consolidation Blog

Consolidating Now v. Waiting

Apr 1 2008

If you are looking to consolidate your Federal loans now..you may want to wait a few months….but only if you have loans from before July 1, 2006. Here’s why…

Stafford loans taken out before July 1,...

Parent PLUS Loans and Parent Loan Consolidation

Mar 19 2008

Parent PLUS loans are Federal based loans taken out by a Parent on behalf of a child. Here are some quick facts about the loan before I touch on the consolidation of these loans:

1. These...