Benefit Of Federal Loan Consolidation Navigation

|

Partners
Tell A Friend about us
Us Department Of Education Student Loans |
Consolidating Student Loans |
South Carolina Student Loans |
Great Lakes Student Loans |
Student Loans Company |
Medical Student Loans |
Defaulted Student Loans |
Consolidate Student Loans |
South Carolina Student Loans |
Deferred Student Loans |
Alaska Student Loans |
Refinance Student Loans |
South Carolina Student Loans |
Perkins Student Loans |
Canada Student Loans |

List of Student loan Articles

Best Benefit Of Federal Loan Consolidation products

Sitemap

"The library is the temple of learning, and learning has liberated more people than all the wars in history."

by Carl T. Rowan

"Every time I get something under control in my own life, the world provides more material."

by Cathy Guisewite

"I am probably the most selfish man you will ever meet in your life. No one gets the satisfaction or the joy that I get out of seeing kids realize there is hope."

by Jerry Lewis

"Life is what we make it, always has been, always will be."

by Grandma Moses

"Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough."

by Oprah Winfrey

Newsletter

Subscribe to our newsletter AND receive our exclusive Special Report on Student loan

Email:
First Name:

---

Main Benefit Of Federal Loan Consolidation sponsors

 

Welcome to Student Loan Guide

 

Benefit Of Federal Loan Consolidation Article

Benefits of Federal Loan Consolidation

from:

A Federal Consolidation Loan allows you to combine one or more of your federal education loans into a new loan that offers you several advantages.

Lower Interest Rate For In-School and In-Grace Consolidation
Borrowers who have a Federal Loan in an in-school or grace period at the time we receive their consolidation application, may benefit from a lower fixed interest rate on the new Federal Consolidation Loan. The difference between a borrower's interest rate during their in-school and/or grace period and during their repayment period can be as high as 0.6%.

Lower Interest Rate for Auto-Debit and On-Time Payment
Receive 0.25% off when you enroll in automatic checking account withdrawal. Add another 1.0% off after

One Lender and One Monthly Payment
With only one lender and one monthly bill, you will find it is easier to manage your debt. You will have only one lender, the Student Loan Network, for all loans included in your Federal Consolidation Loan.

Flexible Repayment Options
You can choose from different plans to repay your Federal Consolidation Loan. These plans are flexible to meet the different needs of borrowers. With a Federal Consolidation Loan, you can switch repayment plans at anytime.

Grace Period
If you consolidate while in-school, you may receive a 6-month grace period before repayment begins.

No Fees
Consolidation is free.

Varied Deferment Options
Federal Consolidation Loans offer several deferment options. If you have exhausted the deferment options on your current Federal education loans, a Federal Consolidation Loan could renew those deferment options. In addition, you may be eligible for additional deferment options if you have an outstanding balance on an FFEL made before July 1, 1993, when you obtain your first Federal Loan.

Reduced Monthly Payments
A Federal Consolidation Loan may lower your monthly payment. The minimum monthly payment on a Federal Consolidation Loan may be lower than the payments on your federal education loans.

Retention of Subsidy Benefits
You will keep any subsidies on your old loans.

Source: US Department of Education and StudentLoanConsolidator.com