Student Debt Consolidation Loans

Get help with your student loans by refinancing into a consolidation loan. These can help reduce your monthly payments by as much as 60%. These refinance loans are available from both the government and private banking sector.

Federal Consolidation Loan

Federal debt consolidation of student loans is recommended for those that eligible. You must have a least one Direct Loan or Federal Family Education Loan (FFEL) that is in grace, repayment, deferment or default status.

Benefits include one lender and one monthly payment. Flexible repayment plans. No minimal or maximum borrowing amounts. Flexible repayment plans. Varied deferment options. Reduced monthly payments.

Private Consolidation Loan
This is an option for those with at least one private student loan. Benefits include having one lender and one monthly payment. This helps to reduce your monthly loan payment. Interest rates are based on your credit.

Generally private student loan consolidation does have a minimal and maximum amount that can be borrowed. It’s geared to those with more than $5,000 in student loan debt. Here’s a list of banks that offer private student consolidation loans.

Credit Unions and Community Banks
Contact your local credit union and community banks to find out what student loan consolidation they offer.

Here’s a list of places to apply for a student consolidation loan.