You can consolidate your student loans by consulting a financial planner or consultant. You can check out these tips for more information: http://www.forbes.com/2009/04/15/student-loans-moneybuilder-personal-finance-consolidate.html
The Department of Education has a whole site dedicated to consolidating student loans. Here it is: http://www.loanconsolidation.ed.gov/
One benefit of consolidating your private and federal student loans is that it would lower your monthly payments. Another benefit of consolidating student loans is that the variable interest rate on the loan can be switched to a fixed interest rate.
Talk with whoever you got your student loans through. They will be able to tell you if you can consolidate your loans or not.
Consolidating student loans can save borrowers up to 50% on monthly loan payments. At StudentLoanConsolidator.com, you can learn how the consolidation process works, view interest rates, and get started consolidating both federal and private student loans.
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
Yes, you should consider consolidating your student loans. The reason for this is that you can negotiate a lower rate of interest with the bank than your current loan with the government. Also, since your future ability to pay off the loans is unclear, you should have alternatives and be flexible in your financial situation.
When you have asked your lender to consolidate your student loans and they refuse, you can look for a company that will work as a liasion between you and a prospective new lender. Due to investors not investing in student loans the majority of lenders have stopped consolidating federal loans. Student Loan Gal at www.defaultms.com
Consolidating student loans involves dealing with the company or source that provided the loan in the first place. All of the loans will be gathered up and configured into a consolidated loan, which a person then must accept or decline.
In the US, the answer is no, unless you rehabilitate the defaulted loans for 12 months or unless you consolidate the loans. A person with defaulted federal loans is not eligible for additional federal assistance until the default status is rectified. Once the loans are rehabilitated or consolidated, you will then be eligible to go back to school and receive additional loans or grants. If you need help consolidating your federal student loans, click on the link below this text box.
The answer depends on the relative interest rate and re-payment options of the various loans involved. If the student loans were achieved at favorable interest rates, it may make more sense to not consolidate them with loans that bear higher rates of interest.
There are numerous websites that offer some suggestions about consolidating private loans. The best resource to get information on consolidating private loans is the financial institution or banks that offer financial advisor services.
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