College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider

Student Loan Consolidation Made Easy
One of the most important things to manage after graduation is the debt you owe. The reality is that life after college can get very expensive. With all the living expenses tied into post grad life, including housing costs, car payments, and relocation, why worry about a huge school loan payment? Student loan consolidation can reduce your monthly payment, and help you manage your budget for years to come.

The benefits of loan consolidation:
  • Allows you to reduce your monthly payment by as much as 53%
  • No penalties for early repayment
  • Improve your credit score
  • Simplify your monthly bill-paying paperwork with one payment a month
  • No credit check, no co-signers needed, and no fees
  • Consolidation loan interest is also deductible from Federal Income Tax
Choosing a bank to consolidate with:

So, who should you use to consolidate your student loan? There are many providers, including the Federal government who will help you consolidate your student loan. No matter who you choose, find a company that offers one-on-one personalized customer service. Loan counselors can educate you on the benefits of student loan consolidation and help you determine if consolidation is the right choice for you.

Make sure that the bank you use takes time to explain the loan consolidation process, the different repayment options that are available to you, and of course all of the federal benefits that are tied into consolidating your school loans. Most importantly, financial counselors should be at your disposal throughout the entire process.

Be sure to call at least 3 loan consolidation providers. When you call, pay particular attention to how long it takes them to answer the phone, the types of questions they ask about your status, and how they explain the loan consolidation process.

By making a number of calls, you can compare counselor knowledge, costs, and timing. Look for a company that spends time training their representatives, offers competitive rates, and is willing to work within your time frame.

By finding the right financial institution, you can reduce the headaches associated with banks the buy and sell consolidations. Ask whether or not each institution will hold your consolidated loans or if they will resell them to another institution. Your best bet is to find a bank that will be with you throughout the entire repayment process. This is helpful if you ever get into repayment trouble and need flexibility.

Once you begin to repay your loans, make sure to place all of your payments on time. Most repayment options include some type of benefit for making on-time payments. This can reduce the total amount you need to pay back or even shorten the time period in which you make payments. Banks are very interested in having you pay off your loan. However, make sure that there are no penalties for early repayment. Some banks try to penalize you simply because they won't receive the benefit of all the interest you might pay over the full repayment period.

Consolidating your student loans is a great way to simplify the repayment process, lower your monthly payments and reduce your debt burden. The key however is finding the best institution to consolidate your loans with. Make multiple calls, ask a lot of questions, and search for competitive rates. Doing so saves you money and makes you comfortable with the repayment process.


Article Title : Student Loan Consolidation Made Easy
Comment not found for this article.

Related articles
• Do You Need Public Student Loans Learn More about Your Options
• Student Loan Consolidation - Ignore It At Your Own Risk
• Private Student Loans For College - Credit and Cosigner Requirements
• Is Government Student Loan Consolidation Convenient
• Student Loan Consolidation Information - What Are PLUS Student Loans

Share this story:
  • BlinkList
  • blogmarks
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz

EdFed introduces… Awareness… Learnal
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.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
EdFed saved me thousands of dollars! They gave me a low-fixed interest rate, borrower benefits, and low monthly payments. My loan counselors walked me through each step of the application process, and I felt very comfortable with my choice to consolidate with EdFed. I recommended EdFed to several of my classmates, and they too have had great experiences. I am so glad I found out what EdFed has to offer, there really is a difference between lenders!
- David G.  Dallas, TX
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

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.

read more
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Glossary of Terms
Loan Comparison Chart
Scholarship Search
Federal loan consolidation can reduce your monthly payments by almost 50% when you extend your repayment term.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2021 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives