federal student loan guide  
 

Is A Federal Student Loan Consolidation An Option For You?

Is A Federal Student Loan Consolidation An Option For You?
There are several advantages when you get a federal student loan consolidation. You can take advantage of fixed interest rates, lower monthly payments, one payment each month, get payment incentives and get new or renewed deferments.

There is usually not a minimum loan balance required with this type of loan program. Also, you have the option of which you may want to include and money saving payment incentive plans with some federal student loan consolidation programs.

Another advantage is that you can consolidate your undergraduate if you are still in graduate school. You can decide on what you want to consolidate from the that qualify.

However, federal student loan consolidation can’t include you may have received from banks, credit unions, personal loans, consumer debt or any other type of financial service that you may have applied for in the past. They have to be federal student to qualify.

What You Should Know Before You Apply For A Federal Student Loan Consolidation

There are several types of that qualify for federal student loan consolidation. When considering if your student loan can qualify, be sure to be very clear on interest rates and to see if you can save money with this type of consolidation loan. Sometimes student loan consolidation can increase your interest rate and cost you more than you are paying now.

Many federal student have a very low fixed interest rate already in place. This is why it is very important to be very clear on the rates from the plans you may be considering before you do a federal student loan consolidation.

What would be the point if you end up paying more for your consolidation loan? However, for some students it might be a good idea because of the hassles of trying to keep track of several student loan payments and monthly due dates.

Only you can decide if a federal student loan consolidation makes sense for your financial situation.

What Type Of Qualify For Federal Student Loan Consolidation?

There are several federal student that may qualify for consolidation. Be sure to take some time to research the option you are considering and compare costs. You can use online calculators

Pros and Cons of Private Student Loan Consolidation
Congratulations on finally finishing college. While it's great to be working and living on your own, you now get to pay your own bills (and yes, now you finally understand why your parents always yelled at you for taking more than 10 minutes in the shower). Amongst these bills, the most pressing may be those student loan repayment letters that start to arrive all too soon after graduation. With student loan debt averaging out to $23,000 per borrower, you could end up paying $200 per month for the next 15 years!<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/iasZQAuYtqg" height="1" width="1" alt=""/>
5 Reasons to Consolidate your Student Loans
Student loan consolidation is a great option for borrowers looking to lower monthly payments or simply make repayment easier. Don't believe us? Here are 5 ways consolidation can benefit you!<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/7-Wt5pDDGRM" height="1" width="1" alt=""/>
It?s almost graduation ? Do you know where your student loans are?
With graduation right around the corner for many-a-senior, the thoughts that occupy the minds of future grads probably revolve more around finals and parties than around repaying their loans. While graduation is absolutely a time for celebrating accomplishments, it also means that loan repayment is looming. Start planning now so that when the time comes, you're ready and not scrambling to locate your loan paperwork. Here are five ways you can prepare for repayment right now:<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/r2Q05r-eIkQ" height="1" width="1" alt=""/>
Special Direct Consolidation Loans
This Special Direct Consolidation opportunity will allow borrowers who have both types to consolidate their FFEL loans into a Direct loan, allowing all loans to be serviced by the same company.<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/Q7mebQDMb-M" height="1" width="1" alt=""/>
From our Archives: Consolidation
For upcoming college graduates, the daunting task of paying off students loans is not far away. In a mere six months after graduation, paying off these loans will become a reality. That makes it the perfect time to begin to consider student loan consolidation. Here are some great articles from our archives with tips and tricks to guide you in the consolidation process.<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/NluNsZLNqCM" height="1" width="1" alt=""/>
Most popular student loans for college
Not everyone is aware of all the loan options available to pay for college. For an overview of federal and private sources of credit used to pay for college, view these links! Here are just a few options to consider...<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/5tXe8H-XVsk" height="1" width="1" alt=""/>
How to Avoid Student Loan Defualt
Navigating student loan payments can seem daunting. Before you know it, you've graduated and need to start making payments. So what happens if you are unable to make your monthly payments? You can soon find yourself in default. Learn how to avoid this dilemma.<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/35ujamDmHBQ" height="1" width="1" alt=""/>
What Will My Student Loan Consolidation Rate Be?
Depending on the type of student loans you will be consolidating, the interest rate can vary greatly. For instance, federal student loan consolidation allows you to obtain a fixed interest rate based on the weighted averages of your existing loans. Private student loan consolidation is much harder to nail down. Federal Student Loan Consolidation Rates [&#8230;]<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/SMJDVnTFPwE" height="1" width="1" alt=""/>
It?s July 23rd, Do you know where your loans are?
Did you know that because nearly all private student loans have variable APRs, your interest rate could have changed several times in the past 2 years?<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/5LK5HQ17s-U" height="1" width="1" alt=""/>
Confused about reform and consolidation?
If you&#8217;ve heard the word about the reform currently in progress across the country, you probably are aware of the end of the FFEL program and exclusive federal consolidation returning to the Department of Education. If not, read this page on upcoming changes to get acclimated. One question we get a lot is, &#8220;If FFEL [&#8230;]<img src="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/_dzf7_FB7WU" height="1" width="1" alt=""/>

to get an estimate on payments. Check to see if your type of federal student loan will qualify for a federal student loan consolidation program.

10 Types Of That Can Qualify For Consolidation

1. Federal Perkins Loan 2. Federal Stafford 3. Federal Direct 4. Federally Insured Student 5. Federal Parent 6. National Direct Student 7. Nursing Student 8. Health Education Assistance 9. Health Profession Student 10. Auxilary To Assist Students

With some research and a little education you may be able to get a federal student loan consolidation to help ease the burden of having several student loans. You can focus on your education and new career instead of stressing out about trying to keep track of several loan payments and due dates.

With today’s Internet access, you now have an advantage when considering a federal student loan consolidation as an option. You can easily see if you qualify and get the best loan program for your financial situation.

Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://www.studentloanconsolidationtips.com

 
 
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