Best Consolidation Companies

See reviews of the best private student loan consolidation companies for 2015!

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Federal Direct Consolidation Loans Review

Loan consolidation can greatly simplify the costs for graduates and undergraduates by reducing multiple loan payments to one monthly payment with only one interest rate. The time period for repayment is extended, but because of an increased interest rate, the student can end up paying a lot more than each of the loans separately. However, consolidation can make payments more affordable on a monthly basis, especially for those students that have not yet found employment, which can be a daunting task in the current economy. Federal Direct Consolidation Loans can provide a variety of benefits for those wishing to have their federal loans lumped together into one lump sum. […]

By |April 5th, 2013|Consolidation|0 Comments

Sallie Mae student loan consolidation review

Figuring out how to pay for both college tuition and student loans is a problem plenty of undergraduates and graduates are struggling with, especially in this difficult economy, where less and less businesses are providing employment opportunities to recent graduates. With the increase of the number of loans students are taking out to be able to afford the costs of living associated with living at college, there is an increased opportunity for students to consolidate their loans and make it easier for them financially by making only one payment per month to cover the balance of all the other loans they have taken out. […]

By |March 29th, 2013|Consolidation|0 Comments

E-Student Loan Consolidation Review

After graduation, it is difficult for postgraduates to find employment in the competitive working world. Coupled with the increasing prices of tuition and costs associated with college life, it's becoming more burdensome for graduates and undergraduates to be able to pay for these costs without taking out multiple loans. Loan consolidation companies such as E-Student Loan Consolidation can make it easier for postgraduates to cope with the costs of students loans and their interest rates. […]

By |March 15th, 2013|Consolidation|0 Comments

SunTrust Private Student Loan Consolidation

SunTrust Bank is a well-known banking company with over 1,600 retail branches in the United States. A member of the FDIC, SunTrust Bank has also been a Better Business Bureau accredited business with an A+ rating since January of 1967. Their website contains a wealth of valuable resources for a college student looking to find information and funding, or considering refinancing their current education loans. Included is a Step-by-Step Guide to financial aid, a budget calculator, and funding analysis calculator, as well as individual guides for tax benefits, money management, and scholarships and grants. They also provide an extensive compliment of financial services, including student checking accounts, student loans, and student loan consolidations. […]

By |March 4th, 2013|Consolidation|0 Comments

SoFi Student Loan Consolidation Review


By |March 1st, 2013|Consolidation|0 Comments

7 Tips To Make The Most of Private Student Loan Consolidation

Just as the national student loan debt has risen, so has the popularity of student loan consolidation. The concept has several advantages and disadvantages. Possible benefits would be eliminating the need to juggle several different private student loans by reducing it to just one with a single lender. This benefit would apply only if you either don’t have federal student loans in addition to private ones, or you’ve been able to locate a consolidating lender who offers the consolidation of private and federal student loans together, a practice which is becoming ever more uncommon. In addition, you may be able to negotiate a lower monthly payment; you’ll only have to deal with the rules and regulations of one lender, versus having the rules and regulations of many lenders; and you might be able to lock in a lower fixed interest rate than you have on your existing loans. Also, if you should find yourself unemployed or sick, it’s easier to get leniency from a single lender than trying to work it out with multiple ones. […]

By |February 19th, 2013|Consolidation|0 Comments

6 Steps To Consolidate Student Loans

1. Determine your needs First, make sure student loan consolidation will benefit your specific situation. If you are doing well paying your current student loan bills on time or they are almost paid off, you’ll likely save more money keeping them as they are. Inspect your loan contracts to see if there are any pre-payment penalties which may offset any savings you might gain from reconsolidation. Contemplate whether the convenience of an extended payment term is worth the cost compared to your current student loan payment plans. Also, take into consideration that if you are or will be in a public service occupation and are or will be eligible for federal student loan debt forgiveness after 20 years, you will reset your debt payment timer and have to start over from the beginning with the newly consolidated loan to become eligible again.   […]

By |February 12th, 2013|Consolidation|0 Comments

Late Loan Payments

You found the perfect loan combination for your higher education costs. The federal government and private entities have been loaning people tuition money for so many decades now that the process can be smooth sailing. But you might be asking yourself, what happens if I’m late on a payment? Will there be financial penalties or even worse, criminal penalties? Will all my hard work be for naught? Will banks and the government forever dog me? […]

By |November 20th, 2012|Pay Off Student Loans|0 Comments

5 Repayment Options To Consider

Besides the total amount of your student loans, you’ll want to know what you can expect in terms of a repayment plan. This is one of the most important pieces of homework you should do when you decide to take out any educational loan. You might be tempted to push off thinking about repayment options – after all, they seem so far away in time – but the reality is, graduation day will arrive faster than you think, or you might be paying off some of the loan during school. […]

By |November 15th, 2012|Consolidation|0 Comments

Can Student Debt Consolidation Actually Help?

A debt consolidation loan can be a useful way to combine your debts and save money if you are paying off high-interest rate debt. By consolidating your debts into a loan with a lower interest rate, you can get great financial benefits. Done right, taking out a student debt consolidation loan can be a smart move. It can help you move your way out of debt. In addition, if you use a home equity loan or line of credit, the interest on a debt consolidation loan is usually tax deductible. (Be sure to check with your tax advisor.) Instead of having several credit card balances, you can combine them into one payment. Be careful, though. If you do take out a student debt consolidation loan, and then continue to run up credit card debt, you will be even worse off than you were before. […]

By |November 2nd, 2012|Consolidation|0 Comments