STUDENT LOAN CONSOLIDATION PROGRAM

STUDENT LOAN CONSOLIDATION PROGRAMS are a smart option for the many students, parents, graduates and alumni that are now seeking to consolidate federal student loans debt. A federal school loan consolidation program will lower interest rates and save money. Student loan debt consolidation has become popular and many college student loan consolidation programs and services are out there to consolidate all types of school loans; be them federal, direct, medical, law, Stafford, PLUS, government and private student loans. Today's Interest rates are the lowest they have been in decades. Consolidating federal student loans allows you to lock into a federal consolidation loan at a low FIXED rate, as low as 2.85%.

Consolidating College Student Loan Debt

A study from the National Center for Education Statistics tells that roughly half of college alumni have an average student loan debt of $10,000 US. The average cost of a college education increases at two times the rate that inflation does. Public Universities are currently estimated to cost $13,000 a year, while private colleges and universities are estimated to cost $28,000 annually. These increasing costs of education leave both parents and students with increasing student loan debt.

How does school loan consolidation help save money?
By lowering your monthly payment and lowering your interest rate, which ultimately decreases the total loan principal and interest amount you pay over time.

How does college student loan debt consolidation actually work?
When your student loans are consolidated, all of the outstanding balances of your existing student loans are paid off, with the total balance rolling over into one consolidated student loan. The end result is that you have only one FIXED RATE student loan to pay on.

What types of student loans are eligible for Federal student loan consolidation?

• Federal and Federal Direct Stafford Loan (subsidized and unsubsidized)
• Federal and Federal Direct PLUS
• Perkins Loans
• Federal Perkins (formerly known as National Direct Student Loan or NDSL)
• Nursing School Loan (NSL)
• Health Professional Student Loan (HPSL)
• SLS (Supplemental Loan for Students)
• Loans for Disadvantaged Students (LDS)
• Federal Insured Student Loan (FISL)
• Federal Consolidation Loan
• Federal Direct Consolidation Loan
• In addition to the student loans mentioned above, all undergraduate, graduate, law medical and private student loans are also available for student loan debt consolidation.
  

Secure lower student loan rates.
Under the provisions of the Higher Education Act borrowers may be eligible to lock in the lowest rates in the history of the Federal Student Consolidation Loan Program. After careful evaluation and research, we've found these legitimate companies that provide secure service and some of the best deals out there. They are the Internet Student Loans Company, and STUDENT LOAN CONSOLIDATOR.

My colleagues and I have contacted them and found their customer service quite helpful. Here are some details on their programs:

• Borrowers can lock in rates as low as 2.85%
• Lower payments by 50% or more
• No application fees
• There are no pre-payment penalties
• Tax-deductible interest
• There are NO credit checks or co-signers required
  

School Work Recommends the following for School Loan Consolidation Programs:

*STUDENT LOAN CONSOLIDATOR - great customer service. Lowest rates!

*Speak with a Federal Student Loan Consolidation specialist @ Cology aka Collegiate Solutions and they will help you maximize your savings. Call them at 1-877-490-6639.

*Another student loan consolidation option is having the experts at Internet Student Loans Company do the work for you. To do so, simply click here to fill out a no obligation form and an experienced loan counselor will contact you within 24 hours.

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By consolidating student loans you will have fewer bills and less paperwork as the new consolidation loan combines all of your student loans into ONE loan with several advantages such as:

• Lower Interest Rates for "In-School" and "In-Grace" Student Loan Consolidation
  Which means borrowers who have a Direct Student Loan or FFEL loan in an "in-school" or "grace period" at the time their student loan consolidation application is received, may benefit from a lower fixed APR on the new Direct Consolidation Loan. NOTE: "In-school" student loan consolidation is only available with Federal Direct Consolidation Loans. Private student loans may not always qualify.
• Possible tax deductions when consolidating federal stafford loans.
• One Lender with a single monthly payment, with an option to receive an interest rate reduction if you enroll in "automatic payments" from your checking or debit card account.

CONSOLIDATION Q&A - Consolidating private student loans and federal loans

Q. Which companies offer student loan consolidation programs and what type of school loan consolidation programs do they offer?
A. Sallie Mae - Federal consolidation ; Citi - Citibank Student Loan Corporation - Federal and Private loan consolidation ; Chela ; AES - AES ; Nellie Mae ; Bank of America ; Wells Fargo - Federal and private loan consolidation ; Key Bank - federal ; TERI - TERI Federal Guaranteed Loan consolidation ; Next Student - Next Student Loans ; US Bank - U.S. Bank Federal loans ; Educaid, Wachovia - Consolidating Federal stafford loans. As web pages are everchanging, the best way to locate each lender and their loan consolidation product is to SEARCH FOR THEM ON GOOGLE