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You can only consolidate like loans,-fed'l loans can be consolidated together, and private loans are separated from them. So, after that process, you will end up with only one or two loans to pay off, and the payment period is usually longer, with flex. methods of repayment. The monthly payments are less than if you had not, because you now have a new loan. At this time, if attending school most lenders allow deferrment of payments until 6-9 mo. after you leave school, or drop below 1/2 time status. So, if you're still in school, then repayment should not be a great concern for you. Consolidation of loans is relatively simple, and lenders often offer incentives for on time payments, too. Shop around for the best deals, which are few and far between these days. However, they can be found.
What else can I help you with?
What are the student loan consolidation interest rates?
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.
How do I go about federal student loan consolidation?
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.
Can a wife get a student loan if her husbands student loan is in default?
In the US, yes you can. If you want help with the consolidation of your husband's defaulted student loans, click on the link below.
Where can one obtain information on student loan consolidation?
If you are looking for a student consolidation loan, you can try the website of Sallie Mae. They offer various ways to consolidate student loans. You might also try your local bank for information as well.
Who should get a debt consolidation 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 they are facing problem with pay your student loan then they require loan forgiveness or consolidation. Federal student loan consolidation is the best option to pay your all loan into single pay
Where can I learn about student loan consolidation?
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/
What does a student loan consolidation interest rate determine?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
Does the Higher Education Act provide for student loan consolidation?
The Higher Education Act does provide student loan consolidation under the Federal Family Education Loan and Direct Loan programs. The loan consolidation may lower interest rate and extend the amount of time to repay.
Who would you contact to receive a student loan consolidation application?
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.
Where can one apply for CFS student loan consolidation?
You can apply for a CFS student loan consolidation through their website, cfsloans.com. They have an online application process where you can provide your loan information and submit your consolidation request.
Is student loan debt consolidation something that will save money in the long run?
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.
Does ACS offer student loan consolidation?
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.
