Where can a student get information on alternative loan consolidation?
Student can get information on alternative loan consolidation by going to the student loan office. They usually provide any kind of loan information if student ask for it.
During this period, borrowers who make payments separately from your federal loans to one or more lenders (loans are settled before a management entity loans) may be eligible for a Special Loan Consolidation Direct Loan Program. A Special Loan Consolidation Direct Loan Program offers borrowers repayment and benefits than those of a Consolidation Loan Direct Loan Program. Special Loans Direct Consolidation Loan Program also have a separate application process. For more information about Special Loan…
Federal Student Loan Consolidation Program means combine all loan into a single pay. :Loan consolidation is the best for the student who not able to pay your fees. If any student want to continue their study and they want to take admission in top college for higher education but good college take high fee. But some time all student unable to pay your college fee then they take student loan. But after completion of education…
In the United States, the federal government offers a specified program for loan consolidation. You can visit: www.loanconsolidation.ed.gov. This site will help you understand the program, determine your eligibility and create a plan to communicate with and, with any luck, arrange for 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.
"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."
Only if it's part of the terms of your alternative student loan. Read the loan agreement or ask your lender. There is no law that requires the lender of a private/alternative student loan to offer you that option, and alternative student loans in general have none or very limited deferments other then in-school.
What sort of information would you need before setting up an appointment with a Loan Consolidation lender?
Before setting up an appointment with a loan consolidation lender, any information based on the company is required, as some loan consolidation lender offer different services and benefits. For example Halifax offers personal loans from 1,000 British sterling pound to 25,000 British sterling pound and allows a repay over 1 to 7 years. In addition, some loan consolidation lender is for specific groups of people, for example Loan Approval Direct is a student loan consolidator.