Student Loan Blog

Why is Student Loan Consolidation the best option?

2007-02-25T00:46:00.000-08:00

Student loan consolidation is a refinancing program that:

Reduces your monthly payment up to 60%
Locks in your interest rates
Simplifies your finances by creating one low monthly payment
Improves your credit rating
Saves you money today when you need it most
Provides flexible repayment options

Eligible Loans for Federal Loan Consolidation

The following federal education loans are eligible for consolidation into a Federal Consolidation Loan:

* Direct Subsidized and Unsubsidized Loans
* Federal Subsidized and Unsubsidized Federal Stafford Loans
* Direct PLUS Loans and Federal PLUS Loans
* Direct Consolidation Loans and Federal Consolidation Loans
* Guaranteed Student Loans
* Federal Insured Student Loans
* Federal Supplemental Loans for Students
* Auxiliary Loans to Assist Students
* Federal Perkins Loans
* National Direct Student Loans
* National Defense Student Loans
* Health Education Assistance Loans
* Health Professions Student Loans
* Loans for Disadvantaged Students
* Nursing Student Loans

Ineligible Loans

Some loans are always ineligible for consolidation. While these loans may not be included in a Federal Consolidation Loan, they may be considered in the calculation of the maximum repayment period under the Graduated or Extended Repayment Plan. These include but are not limited to the following:

* Loans made by a state or private lender and not guaranteed by the federal government
* Primary Care Loans
* Law Access Loans
* Medical Assist Loans
* PLATO Loans

No Credit Check. No Job Required!

2007-02-24T23:12:00.000-08:00

Reduce your interest rate as much as an additional

1.25% through our borrower benefits package.

Applying for your loan with us is easy, and free

There are no fees, no credit checks, no cosigners,

No job required!

Consolidation can significantly reduce your monthly payment burden. Learn why this is best! Student loan consolidation allows you to stretch your repayment period from the standard 10 years to up to 30 years, depending on the amount of your education debts. The lower payment means you'll have more money available to meet other household expenses, including car payments, childcare, and career-related necessities.

Consolidate today , and watch your savings.

2006-11-30T22:21:00.000-08:00

Secured Affiliate for Student Loan Consolidation

Are you confused about student loan interest rates with all the recent announcements?
Here's a quick primer on what's happening.

For students with loans taken out before July 1, 2006

Federal student loans taken out before July 1, 2006 will remain variable interest rate loans. These loans will re-adjust every July 1 based on the results of the 91-day Treasury Bill Auctions, unless you consolidate them and lock in your interest rates. If you applied for loan consolidation prior to July 1, 2006, you are still eligible for last year's rates.

* Stafford Loans for students in school: 6.543%, up from 4.70%
* Stafford Loans for graduates in repayment: 7.143%, up from 5.30%
* Parent Loans for Undergraduate Students (PLUS): 7.943%, up from 6.10%

Whether you have new federal student loans after July 1, or you already have federal student loans, consolidating your federal student loans is the best thing you can possibly do, because federal student loan consolidation with StudentLoanConsolidator reduces your monthly payment, no matter when you consolidate.

Definitely, definitely consolidate. Students, parents, and anyone with federal student loans can consolidate them for free right online . We offer great benefits and the best consolidation rates and services for students and graduates.

Apply now. It's free!

2006-11-30T21:43:00.000-08:00

PLUS Loan Consolidation is just as easy as consolidating student loans.
Parents with PLUS Loans can apply to consolidate PLUS Loans at today's low rate of 6.125%, plus additional borrower benefits.

Consolidate your Federal Direct Loans today - Reduce your monthly payment by as much as 52% - lock in interest rates as low as 3.5%!

How do you know if you have federal direct student loans?

You have them if you have:

* William D. Ford Stafford Loans
* William D. Ford PLUS Loans
* Direct Stafford Loans
* Direct PLUS Loans
* Direct Consolidation Loans
* Your loan bills come from the Direct Loan Servicing Center
* Your loan bills bear the name William D. Ford Federal Direct Loan Program
* Your school is a Direct Loans Lending School

A way to consolidate virtually all private, non-federal education borrowing.
With a private consolidation loan, you can consolidate your education-related debt and education-related credit card debt.
By consolidating, you'll write fewer checks and may have a lower monthly payment.

Is Consolidation Right for You?

2006-11-30T21:26:00.000-08:00

Here are some factors you should consider when deciding if consolidation is right for you.

What are the interest rates on your loans?
If a Federal Consolidation Loan offers you a lower rate than your current loans, you may want to consolidate. Currently, the interest rate for a Federal Consolidation Loan is based on the weighted average interest rate on the loans being consolidated, rounded to the next nearest higher one-eighth of one percent. This rate is fixed for the life of the loan and cannot exceed 8.25 percent.

Are your monthly payments manageable?
If you have trouble meeting your monthly payments, have exhausted your deferment and forbearance options, and/or want to avoid default, consolidation may help you.

How much are you willing to pay over the long term?
Like a home mortgage or a car loan, extending the years of repayment increases the total amount you have to repay.

How many payments do you have left on your loans?
If you are close to paying off your student loans, it may not be worth the effort to consolidate or extend your payments.

What consolidation loan benefits do your current lenders offer?
Check with the loan holders currently servicing your loans to see if they can offer terms and repayment plans that meet your needs better than a Federal Consolidation Loan.

Source: US Department of Education

Benefits of Federal Loan Consolidation

2006-11-30T21:04:00.000-08:00

A Federal Consolidation Loan allows you to combine one or more of your federal education loans into a new loan that offers you several advantages.

Lower Interest Rate For In-School and In-Grace Consolidation
Borrowers who have a Federal Loan in an in-school or grace period at the time we receive their consolidation application, may benefit from a lower fixed interest rate on the new Federal Consolidation Loan.
The difference between a borrower's interest rate during their in-school and/or grace period and during their repayment period can be as high as 0.6%.

Lower Interest Rate for Auto-Debit and On-Time Payment
Receive 0.25% off when you enroll in automatic checking account withdrawal. Add another 1.0% off after

One Lender and One Monthly Payment
With only one lender and one monthly bill, you will find it is easier to manage your debt. You will have only one lender, the Student Loan Network, for all loans included in your Federal Consolidation Loan.

Flexible Repayment Options
You can choose from different plans to repay your Federal Consolidation Loan. These plans are flexible to meet the different needs of borrowers. With a Federal Consolidation Loan, you can switch repayment plans at anytime.

Grace Period
If you consolidate while in-school, you may receive a 6-month grace period before repayment begins.

No Fees
Consolidation is free.

Varied Deferment Options
Federal Consolidation Loans offer several deferment options. If you have exhausted the deferment options on your current Federal education loans, a Federal Consolidation Loan could renew those deferment options. In addition, you may be eligible for additional deferment options if you have an outstanding balance on an FFEL made before July 1, 1993, when you obtain your first Federal Loan.

Reduced Monthly Payments
A Federal Consolidation Loan may lower your monthly payment. The minimum monthly payment on a Federal Consolidation Loan may be lower than the payments on your federal education loans.

Retention of Subsidy Benefits
You will keep any subsidies on your old loans.

Source: US Department of Education and StudentLoanConsolidator.com

Eligible loans for Federal Consolidation

2006-11-30T19:37:00.000-08:00

Eligible Loans for
Federal Loan Consolidation

The following federal education loans
are eligible for consolidation
into a Federal Consolidation Loan:

* Direct Subsidized and Unsubsidized Loans
* Federal Subsidized and Unsubsidized Federal Stafford Loans
* Direct PLUS Loans and Federal PLUS Loans
* Direct Consolidation Loans and Federal Consolidation Loans
* Guaranteed Student Loans
* Federal Insured Student Loans
* Federal Supplemental Loans for Students
* Auxiliary Loans to Assist Students
* Federal Perkins Loans
* National Direct Student Loans
* National Defense Student Loans
* Health Education Assistance Loans
* Health Professions Student Loans
* Loans for Disadvantaged Students
* Nursing Student Loans

Ineligible Loans

Some loans are always ineligible for consolidation. While these loans may not be included in a Federal Consolidation Loan, they may be considered in the calculation of the maximum repayment period under the Graduated or Extended Repayment Plan. These include but are not limited to the following:

* Loans made by a state or private lender and not guaranteed by the federal government
* Primary Care Loans
* Law Access Loans
* Medical Assist Loans
* PLATO Loans

Source: US Department of Education and StudentLoanConsolidator.com