When you are receiving a private student loan, it cannot be consolidated with federal student loans so you would need to take that into consideration. Here is a website to find out more about private student loan consolidation. http://www.finaid.org/loans/privateconsolidation.phtml
The government, and the companies such as Finaid, and Wells Fargo offer loan consolidation. Additionally, the websites Student Aid and Consumer offer information about this subject.
Many private companies offer private loan consolidation, and differ from international to local firms. Student Aid companies are targeted at graduates, whereas FinAid is a universal company.
One can apply for private and federal student loan consolidation in one's college state government. Also, one can ask one's peers for advice or one's family for advice.
You can use Direct Consolidation loans for your student loan consolidation needs. It is a government website that assist those who want to consolidate their debts. You can find them at this link www.loanconsolidation.ed.gov/
You can contact your loan servicer or visit the website of the U.S. Department of Education to receive a student loan consolidation application. Additionally, some private lenders also offer student loan consolidation, so you may want to explore those options as well.
ACS does not offer student loan consolidation anymore since July 2010. All consolidations should be made through the Direct Loan Program. You can find other useful information on Federal Direct Consolidation Loan website.
"There are several ways one can get a consolidation loan. In the United States, there is a Federal student loan consolidation program that allows students to consolidate Stafford loans, PLUS loans, and Federal Perkins Loans into a single debt. One can also attain a consolidation loan through a private lender. However, the terms vary from lender to lender such as forbearances and deferments."
As of July 2010, you can get a student consolidation loan through the federal government. The interest rate can range from 6.62%-8.25%. 8.25% is cap for any student loan consolidation.
Almost all federal student loans can be consolidated under the Direct Consolidation Loan program. They offer multiple repayment plans and fixed interest rates. Private student loans that do not qualify for consolidation under the Direct Consolidation Loan can be consolidated through separate programs such as NextStudent, Student Loan Network, and Wells Fargo.
Trying to find out how to consolidate your student loans? You've come to the right place. At StudentLoanConsolidator.com, you can learn how the consolidation process works, view interest rates, and get started consolidating both federal and private student loans. Our helpful student loan consolidation calculator is a great way to find out how much you could save through consolidation. Get started now to find your consolidation options
Some of the best places to find good consolidation loan rates are Load Approval Direct, Next Student, and DebtConsolidation's website. The rates will vary depending on each individual student.
The student loan consolidation law allows borrowers to combine multiple federal student loans into a single loan with one monthly payment. This can simplify repayment and potentially lower monthly payments by extending the repayment period. It's important to note that private student loans are not eligible for federal consolidation under this law.