Lower
Monthly Payments
reduce your overall monthly payments from
27% or more depending on the amount that
you consolidate — plus lower your
debt-to-income ratio when you are ready
to purchase a home
Flexible
Repayment Plans
you can choose from several different
repayment plans that make fits your budget
as you start your career and grow your
income
Single
Monthly Payment
submit only one payment per month instead
of making two or more payments on the
different loans you took out over the
college years
Other
Incentives
note that your student consolidation loan
carries the same benefits related to tax
and other incentives such as no prepayment
penalties
Zero
Costs / Zero Obligation to Apply
no credit check required
no costs to apply
no costs to setup your account
no worry — your submission
will be secured
no paper work — you can e-sign
and process your application online
Increased
Interest Costs
understand that consolidating your student
loans simply extends the repayment term,
which means that you will pay more interest
over the life of your loan.
But note that you can always prepay your
loan without any penalties. By paying
a little extra each month, you can reduce
your repayment term and the total amount
of interest paid.
(download this amortization table to run
the numbers)
Higher
Interest Rate
understand that the interest rate on your
consolidation loan may be slightly higher
than the current interest rates on your
student loans
