Student Loans Debt Consolidation
What is student loan consolidation?
Student loans consolidation is a program to refinance your student loans into one single loan. This enormously decreases your monthly repayments. Student loans consolidation can help you make big savings on the monthly payments of your student loans.
How much can consolidating your student loans save you?
If you were to consolidate your student loans at this time, you will make the following savings on your monthly repayments:
| Loan Owed |
Before Consolidation |
After Consolidation |
Monthly Savings |
| $35,000.00 |
$403.00 |
$269.00 |
$134.00! |
| $45,000.00 |
$518.00 |
$314.00 |
$203.00! |
| $55,000.00 |
$633.00 |
$384.00 |
$249.00! |
| $70,000.00 |
$806.00 |
$460.00 |
$346.00! |
| $120,000.00 |
$1,381.00 |
$788.00 |
$593.00 |
*Please note that the above table represents estimates only and by no means guarantee that you’ll get the same savings when you consolidate your loans.Your real savings from consolidation will be very variable, based on number of payments, amounted owed at the time of consolidation and interest rates. The figures shown above are based on the current federal stafford loan rate of 6.8%. For more information, check out our interest rates section
Federal Student Loans Consolidation
Federal student loan consolidation can reduce your student loans monthly payments by up to a whooping 52%. You can finish the application process online in minutes as you can eSign your application. Read more about federal student loans consolidation…
Private Student Loans Consolidation
You can also consolidate your private student loans into one loan easily manageable loan payment to greatly reduce your monthly loan repayments. Read more about private loan consolidation….
Latest Student loan Consolidation Blog Articles...
February 3, 2010
When you have several thousands in student loans to pay back, there is little doubt that consolidating your student loans will help you reduce your monthly payments. By consolidating your loans, you reduce all your loans into a single loan therefore having to only pay one lender
November 4, 2009
So it’s already October and May graduates are about to start paying off their federal student loans. Your grace period is about to end and you are considering all the options available to you. If consolidation is one of your options
November 3, 2009
Barbara Carvalho Talks in this video about better debt management tips and loan consolidation. She gives tips on saving costs and managing you debts to make repayment easier for you.
October 31, 2009
Things are tough all over. Money is tight, jobs are scarce. The economy is on the mend, but it looks like it might take a while to recover. Faced with money worries, those with student loans may be wondering how to keep themselves above water, making their monthly payments without sliding toward default. Student loan consolidation is an option strongly worth considering.
October 29, 2009
Student loan consolidation is the solution for career minded students who are losing sleep over their debts and are worried about all the loans they will need to pay after the conclusion of their studies.
Millions of students each year head off to college to obtain a higher education degree. Statistics show that employees with a college degree make more money than those that do not hold a degree. The problem that many college-bound students face is figuring out how they’re going to come up with the money they need [...]
September 17, 2009
There has been a lot of conflicting stories written about consolidating federal student loans. This post tries to bust a couple of myths surrounding federal student loan consolidation.
The interest rate of the consolidated student loan changes every July 1st.
This is a MYTH: The truth is the consolidated student loan interest rate is affected because [...]
