School loan consolidation is the process of taking your current school loans, and paying them off with one new consolidation loan. Students who have gone to school for 4+ years, and received Federal student loans will have amassed a large, deferred loan balance by the time they graduate. In many instances, several types of loans will have been used, with various interest rates and monthly payments. A school consolidation loan pays off all of these loans, and gives you one, easy payment to a single lender.
- Reduces your monthly considerably.
- Locks in your interest rate.
- Simplifies your finances by having you make only one payment a month.
- Improves your credit rating.
- Saves you money today when you need it most.
- Provides flexible repayment options.