The first stage of review to verify how many of our loans qualify for consolidation.
Then decide if you want a payment plan based on your current income or prefer a longer repayment period to get the lowest fixed payment possible.
When you decide to consolidate, our partners will make the process easy for you. The federal student loan application process is detailed. Your paperwork will be prepared and submitted for you, after your approval.
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Ideally, you would qualify for debt consolidation after graduation.
However, you also could qualify when you leave school or are enrolled less than half-time.
Private student loans are credit-based, meaning student borrowers with high credit scores will pay lower interest rates than those with low scores because banks assess the risk of each borrower.
Learn more about federal student loans All students are eligible for federal loans, regardless of financial need.
More than 44 million borrowers owe $1.4 trillion in student loan debt in 2017.
Most of them could streamline the repayment process by consolidating their student loans. Get Financial Help Now It simplifies repayment and could save you money.With private loans, your credit score is a factor in whether you qualify and you may need a co-signer.Debt consolidation is one of the few repayment options available on private loans and there are no loan forgiveness programs.If you’re paying off federal student loans, you are one of 44 million borrowers with outstanding student loan debt.The Direct Consolidation Loan Program offers several repayment plans that give you up to 25 years to pay off the debt.You can consolidate Direct Student Loans using one of several income-based repayment plans and there are loan forgiveness programs.