Student Loan Consolidation

As student financial advisers, we work to educate students on their student loan debt and help to relieve the burden of that debt when they’re done with school. Upon graduation, many students will have accumulated thousands of dollars of student loan debt. Now they have to deal with paying them back. And they need to know how to manage all the student loans to avoid any repayment problems. Student loan consolidation is the answer.

It allows you to combine all the existing federal loans you received for your education in one single loan. When you consolidate your student loans, the new lender will arrange to have your existing loans fully paid off and issue you one new loan. There are no application fees or credit checks required and by consolidating your loans you can benefit in the following ways: Number one, your lower monthly payments, by consolidating your federal student loans, you can take advantage of lowering your monthly payments. Depending on your balances, you might be able to reduce your monthly payments by at least half.

Another benefit is making only one payment per month. If you currently have loans with multiple lenders, you know the hassle of having to write several checks per month each for a different amount and to a different lender. By consolidating, you eliminate the need to make multiple monthly payments. You will only have to write one check or make one payment each month. Now you can lock in a low fixed interest rate. Currently, unconsolidated student federal loans dispersed prior to July 1st, 2006 have a variable interest rate which changes each year.

By consolidating, you can lock in a fixed interest rate for the life of the loan. Customize a payment plan by consolidating by your student loans. You have the opportunity to choose a payment plan and payment term that fits your current income. In some cases you can take up to 30 years to pay back your loans. In addition, if you decide you would like to repay your loans earlier, there are no prepayment penalties. Best of all, this services are completely free. All you have to do to get started is to go to www.StudentFinancialAdvisers.com and we’ll get you signed right up. Thank you.