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

America's Top Student Loan Provider

Student Loan Consolidation Program - A Simple Way for College Debt Relief
If you are in debt of multiple loans and want to consolidate them to one loan, then getting familiar to student loan consolidation program can help you a lot. Many students need financial support for their higher studies, which they can afford to pay back once studies are completed. Managing multiple loans is obviously a difficult task and could sometimes lead to late payments or even missed payment; this can result in giving a bad credit name to you, which might affect your future borrowings.

Application Processing and the Interest Rates

Student debt consolidation accumulates all your outstanding loans and forms a single loan. The interest rate calculated under student loan reduction program will be less than what you were paying before. The rate is low and fixed for the time till the loan exists. This gives several benefits to the student, attached with the consolidation program that includes low interest burden, less hassles, and good credit rating.

Student debt consolidation application can be applied online and there are number of institutions offering college loan consolidation programs. So, you can choose among them, depending upon the offers and services they are providing as per your choice.

When And Who All Can Consolidate Loan?

Student loans can be consolidated any time during your six-month grace period or after the repayment of the loan has started. If in case the loan is consolidated during your grace period, then you might loose the advantage of getting a low interest rate. However, since you will lose the rest of the grace period, it is recommendable to wait until the fifth month of the grace period before consolidating. The overall student loan consolidation program usually takes 30-45 days to get completed.

Further, your spouse and your loans can also be consolidated together, but it is not very much recommendable, because by any chance you both get separated in future then also both of you will be responsible for paying it together, and if defer payment on the student debt consolidation loan is preferred then you both have to meet the deferment criteria.

For the payment of the student loan consolidation amount, there are many payment plans and the students can choose from them as per there convenience. For any assistance, you can choose Student loan debt counseling, which can help you in deciding. Students can either choose standard payment of set monthly payments, variable plan where the payments can be changed as your income increases or decreases, graduated payment plan in which you have to pay low monthly installments in the beginning and then it gradually increases, and the last is extended payment plan, which allows you to reduce the monthly payment by extending the loan payment period.


Article Title : Student Loan Consolidation Program - A Simple Way for College Debt Relief
Comment not found for this article.

Related articles
• Top 10 Helpful Hints in Getting Student Loans
• Student Loans Consolidation - A Convenient And Beneficial Option To Reduce Debt
• What To Look For In Good Student Loan Consolidation Companies
• Student Loans For College
• What to Be Aware of When Considering Student Loan Consolidation - Recent Implications

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!
I contacted several lenders while I was looking for a company to consolidate my federal loans. I heard all of the sales pitches. What it really boils down to, through, was who could save me the most money. Edfed is the only lender who would guarantee my borrower benefits. All of the other lenders had provisions allowing them to take my 1%interest reduction away even after I earned it. On my consolidation, the 1% reduction will save me almost $18,000, with EdFed, I know I will get the savings. EdFed beats the competition hands down.
- John F.  Albany, NY
* 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
You can consolidate even if you are in deferment, and can get a new deferment on your consolidation loan. Your federal benefits will not disappear.
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