Student Loan Consolidation: Manageable Payments

STUDENT LOAN CONSOLIDATION is typically the way most college students get massive student loan debt under control and paid monthly with a single check.

A great benefit of consolidating your student loans is that you can often reduce monthly payments by up to 60%. For many graduates, this is the only way to make payments.

As a part of consolidating your loans you can lock in at a potentially more appealing interest rate. You can also use this new loan to buy you time to pay it back if you are still looking for work. By consolidating and extending your loan term you will have smaller monthly payments.

If you are looking to refinance your student loans to fit your budget and save on interest payments there are loan professionals who can help. By extending your loan term your loan term it is possible to spend upwards of 50 percent less every month on your student loan payments.

It is typical for those who refinance student loans to benefit from a rate drop of one percent after couple years of on-time payments on the new refinanced loan. This provides another incentive for refinancing if you do not anticipate paying off your student loans in less than a couple of years.

Get started with student loan refinancing today. Your quote is a free no obligation estimate of how much you can save monthly by consolidating your loans to a new interest rate.

Common Questions:

1 How much can student loan refinancing save me monthly?
Obviously this will depend on the amount you are refinancing, however student refinancing and consolidating their student loans into a single payment can often spend half of what they would otherwise. This makes the bills much more manageable to pay monthly but extends the total time required to pay off the loan.

2 How much lower will my student loan rate be?
Your new interest rate will depend on the rate of your old student loan. If you have multiple student loans you are consolidating the rate is typically determined by taking the weighted interest rate of your student loans.

3 Can I consolidate all of my loans and refinance them?
Consolidation and refinancing can all be a part of the same process. The end result of which is a single loan that you make payments on monthly. If better interest rates are available than when you took out the loans originally you can save money over the life of the new loan with lower payments.