Federal Loan Reconsolidation, Student Loans Reconsolidation, Direct Loan Consolidation

America's Top Student Loan Provider

If you consolidated your student loans a few years ago and think you are stuck with the high interest rate you received, EdFed may be able to provide you with some relief.

Through our Platinum and Platinum Select benefits, you will receive a 1.25% interest rate reduction off your fixed consolidated interest rate. This interest rate reduction could potentially save you thousands and thousands of dollars over the life of your loan.

For example, if your current principal loan balance is $60,000, the total cost of your loan over 30 years including interest would be $129,503. With a 1.25% interest rate reduction after reconsolidation with EdFed, your estimated savings are more than $26,200!

Best of all, student loan reconsolidation with EdFed costs nothing, and there are no prepayment penalties and no credit check.

Even if you have been told you cannot reconsolidate, we have a way to help you. This program is designed specifically for graduates who consolidated at higher interest rates and are not receiving payment incentives from their current lender. This program is also great for borrowers who consolidated through the Department of Education's Direct Loan program.

Platinum
With our Platinum benefit, you receive an interest rate reduction of 0.25% for using our automated debit program to repay your loan.

Platinum Select
With our Platinum Select benefit, you receive an additional interest rate reduction of 1.0% if you consolidate $20,000 or more in eligible student loans and make 36 consecutive on-time payments.

Each day you delay reconsolidation, you are allowing unnecessary interest to accrue. Additionally, reconsolidating your student loans can improve your credit score.

If you are unhappy with your current interest rate and/or lender, contact a loan specialist today to find out how you can begin saving money.

If you have any questions about Student Loan Reconsolidation, please email us or call (800) 821-5659 to talk to an expert loan advisor.

Attention North Dakota residents:
Pursuant to the licensing requirements of N.D.C.C Chapter 13-04.01 Money Broker Act of North Dakota, Education Lending Group, Inc., ("EDLG") its subsidiaries and affiliates, are not able to pursue lending relationships with residents of that state. This includes, but is not limited to telephone, mail or Internet solicitations. If you are a resident of the state of North Dakota, we recommend that you contact your current lender of record for student loan products and services.

How EdFed Helped others!

When I first contacted EdFed, I knew nothing about consolidation. All I knew is that there was a deadline. The customer service representatives at EdFed were able to explain everything to me in terms that I could understand. I owe a substantial amount of money in student loans, and I didn't even know who my lenders were. EdFed was able to compile this information for me, calculated my low fixed interest rate, and explain their money saving benefits. Other lenders weren't even accepting phone calls prior to the deadline! Thank you for taking the time to go over my consolidation with me.
- Maya T. Dallas, TX

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