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What is Loan Consolidation
When to Consolidate
Why Should I Consolidate
Which Loans are Eligible
Stafford Unsubsidized Loan
Stafford Subsidized Loan
Signature Student Loan
Perkins Loan
Community College Loan
Tuition Answer Loan
Poor Credit Student Loans
Current Loan Rates
Stafford Loan ............
6.80%*
PLUS Loan ................ 8.50%*
Loan
Consolidation ..6.375%*
*subject to change
Additional Resources
Welcome to the School Loan Consolidation Network
What is a School Loan Consolidation?
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.
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- Reduces your monthly considerably.
- Locks in your interest rates
- 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