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If you run into a period of financial difficulty, federal consolidation loans generally qualify for periods of deferment or forbearance until your financial situation improves.
Hello, and welcome to EdFed.

EdFed is dedicated to assisting students and graduates with financing their college expenses and managing their education loans. We specialize in education lending, and we are dedicated to ensuring your loans are handled professionally while offering you money-saving benefits.

If you graduated in 2018, or if you will be graduating within the next few months, we would like to congratulate you for obtaining your hard-earned degree. Also, we would like to provide you with some very important information regarding federal student loan consolidation. You must consolidate during your grace period to avoid an interest rate increase of 0.60%. If you wait until your grace period ends, your interest rate will automatically be 0.60% higher. When you consolidate during your grace period, you will have no payments due until your grace period has ended. You have nothing to lose. There really is no reason to pay this higher rate on your federal student loans!

With student loan consolidation, you can lock in a low, fixed interest rate for the life of your loan--and there are no fees, credit checks, income verifications, or prepayment penalties. This will help you reduce your monthly payments by nearly 50% and save you thousands of dollars over the life of your loan.

EdFed can also help you save money with our extended repayment terms of up to 30 years, and flexible repayment options that you can choose from to best suit your financial needs!

Applying for federal loan consolidation is easy. Click on the "Start Here" button, or contact one of our loan specialists at the number shown. Our loan specialists will be able to answer all of your questions about interest rates and payment amounts, as well as assist you through each step of the application process. We are committed to ensuring your consolidation goes quickly and smoothly.

Some of the rules for consolidation have changed recently. Now, you must have at least $20,000 in eligible federal loans, and you cannot be enrolled in school more than half-time. In-school consolidations have been eliminated, but single-lender consolidations are now allowed. If you have been told in the past that you must consolidate through the lender holding your Stafford loans, you may now choose any lender to handle your consolidation.

At EdFed, we're devoted to getting you the most up-to-the-minute information possible on legislation that could affect your student loans and how much you pay for them.

Sign up for our free newswire to get accurate and timely information delivered straight to your inbox. You can also sign up to receive periodic text messages when the laws change.

Thanks for choosing EdFed! We look forward to helping you save money on your student loans!

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How EdFed Helped others!
When I was comparing lenders to consolidate my student loans I really looked at customer service. I was impressed that EdFed offered me my own loan counselor so I was able to speak with the same person every time I called. This was what persuaded me to go with EdFed and boy am I glad I did.
- Samantha D.  Miami, FL
Scary stories of what could happen if you choose another lender!
Being fresh out of college, I still had a lot to learn about life! I was told by my financial advisor that consolidation was a great way to save money. I figured that all consolidation companies would be the same, so I went with Nelnet, who was the first company that I stumbled upon. The representative quoted me a great, low interest rate over the phone. I thought that this was a great deal, and was pumped about being able to save so much money! But, a few weeks later when I got my first bill, my interest rate was 1.75% higher than they had told me it would be! The monthly payment that they expected me to make was ridiculous! How could I, a recent grad, afford to make payments like that every month? I called to complain to them about the error on my account. They told me that the person th...

- Dani P.  Dallas, TX

Richard C. from Virginia saved $5,515 in unnecessary interest.

James C. from Colorado saved $912 each year.

Ryan B. from Tennessee saved $10,266 in unnecessary interest.

Robert R. from Virginia saved $221 on his monthly payments.

Christopher W. from Texas saved $35,589 in unnecessary interest.

Joshua D. from Georgia saved $1,440 each year.

Christopher H. from Michigan saved $485 on his monthly payments.

Samuel R. from Washington, D.C. saved $11,355 in unnecessary interest.

Charles L. from Missouri saved $272 on his monthly payments.

Patricia P. from Texas saved $31,525 in unnecessary interest.

Crystal P. from Washington saved $3,864 each year.

Erin P. from Washington, D.C. saved $7,823 in unnecessary interest.

Charles G. from Alabama saved $299 on his monthly payments.

Ryan M. from New York saved $996 each year.

Travis W. from Illinois saved $4,896 in unnecessary interest.

David K. from Louisiana saved $200 on his monthly payments.

Peter E. from Minnesota saved $3,432 each year.

Emily S. from Illinois saved $23,521 in unnecessary interest.

Scott B. from Ohio saved $415 on his monthly payments.

PLUS Loans
- 8.5%
Stafford Loans
- 6.8%
Consolidation Loans
- as low as 6.75%
(in grace)
* The final fixed interest rate for your federal loan consolidation loan is calculated as the weighted average of the interest rates on the loans being consolidated rounded up to the nearest one-eighth of a percent. Your exact monthly payment reduction may vary depending on your loan. EdFed Financial reserves the right to modify, expand or discontinue this offer at any time without notice.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2018 EdFed. All Rights Reserved.

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