It seems like these days everywhere you look there is an advertisement offering some service or product for free. Maybe it is a free laptop, clothes, or food. The list goes on and on. These offers sound tempting, but after you read the fine print or follow that little asterisk to the bottom of the page, you learn that they are not what they seem. Usually the product is only free with the purchase of something else, or after months of waiting for mail in rebates, etc. Wouldn't it be nice to finally find something that was truly for free - with no strings attached and no hidden fees?
EdFed's federal student loan consolidation is just that - 100% FREE! There are no hidden fees, no waiting for rebates and no strings attached! When you consolidate your outstanding federal student loans with EdFed, you not only pay nothing, but you can literally save thousands of dollars off of the life of your federal loans!
Save Money and Time!
When you consolidate your loans with EdFed, all of your outstanding loans are merged into one, easy-to-manage loan. The result is just one, low monthly payment that is made to just one lender. When you consolidate, your multiple student loan accounts are closed and the total balances of all of the loans are rolled into one, new loan.
Because there is only one loan to pay on, you will no longer need to stress each month about making multiple payments to multiple lenders! Consolidating with EdFed not only saves you money, but time as well!
Additional Benefits of an EdFed Federal Consolidation
When you take advantage of an EdFed federal student loan consolidation, you receive these incredible benefits:
Immediate 0.25% Interest Rate Reduction by enrolling in our automated debit payment program
Additional 1.00% Interest Rate Reduction after thirty-six consecutive, on time payments
Once you qualify to receive our interest rate reduction benefits, they can never be lost or taken away. EdFed guarantees them for the life of your loans! None of our competitors can promise the same!
America's #1 Lender
Because there are so many gimmicks out there, it is hard to know which company you can trust, and which ones are out to just make money. Fortunately, you can put your trust in EdFed. As America's number one consolidation company, EdFed is a government-authorized lender under the Federal Family Education Loan (FFEL) Program. EdFed is a true lender, not just another marketing company.
At EdFed, our customers are our number one priority. We are dedicated to helping borrowers, like you, with managing their educational loans and laying a sound foundation for a successful financial future.
Article Title : The Free Federal Student Loan Consolidation
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At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
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How EdFed Helped others!
I started my application on the 5th of September. I was called that same day by a loan officer which was actually great because then I wouldn’t have to wait on the phone which I have had to do with other companies. My loan officer had everything ready she went over my monthly payments and interest rate. I was able to sign my application on line that same day. I am indeed grateful for all the help. Thank you EdFed. - Alexia F. Ft. Lauderdale, FL
Student Loan Consolidation Info - How to Choose the Right Loan Company
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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.
The only requirements for consolidation are that you have at least $7,500 in eligible loans, are out of school, have not yet consolidated, and are not in default with your current lenders—there are no credit checks.