Eligibility Requirements In most cases you are considered eligible to consolidate your loans if you are: not currently in school or are enrolled at less than part-time status currently making loan payments or are within the loan's "grace period" have a good repayment history (meaning you are not in default on your loans) carrying at least $5,000-$7,500 in loans
One can consolidate their Federal Student Loans from the following sources: Debt Free Direct, Consolidation Loan Centre, Student Aid, Loan Consolidation, Fin Aid.
Student loan debt consolidation is a way to consolidate student loan debt to the point that money is put in a synthetic grace period to prevent interest.
There are quite a few companies that specialize in student debt consolidation services. For more info go to http://businessmajors.about.com/od/payingforschool/tp/TopConsolid.htm
There are many online resources available for those looking to consolidate their debt. There are many options to consider when doing so, including bankruptcy.
"Student debt can be paid off in many ways. Once the student is out of school, they can pay off the entire debt at once or they can consolidate and start making payments. If they go into education, some of their loans will be forgiven if they work in ""at risk"" schools and school districts."
There are different ways to resolve unsecured debt relief. One way is to pay the loan off as soon as possible. If one has multiple unsecured debt, sometimes they can get a loan to consolidate them. One can consolidate with or without collateral.
The US Department of Education offers programs to help consolidate student loan debt. Also some banking institution offer solutions that can help people as well. The banker may be able to do this directly through their institution or give other suggestions where he or she can look.
Student loans can be consolidated after graduation or dropping out of school by filing with the government to consolidate all federal student loans. Remember that non-federal loans cannot be consolidated.
{| |- | Freedom Student Loans helps borrowers consolidate Federal student loan debt into one low monthly payment. Freedom Student Loans can also cut the total monthly payments in half and lock in a low interest rate. You can even go for Freedom Debt Relief as their financial advisers negotiate your debt amount and help in reducing your debt levels. |}
don't consolidate, pay the debt off. To answer your question, it depennds on the company giving you the loan?
The best way to consolidate your debt is to go to your bank and speak with their consultant. They usually have a department to help you with reducing your debt.
Student Loan repayments can often blindside a graduate. Consolidating these loans is often not a viable option due to restrictions on these debts. Those looking to consolidate student loan debt should contact firms such as Chase, NextStudent, Wells Fargo or Student Loan Network.