Student Loan Consolidation Programs are a smart option for the many people now seeking to refinance student loan debt before they enter their repayment period, or are already repaying student loans. A private or federal loan consolidation program refinancing student loans consolidates all your existing loans in to a single low interest rate loan, saving you money. Many  student loan consolidation companies are out there and we've been evaluating and presenting reputable consolidation lenders.  If you consolidate loans, be them federal direct loans or private student loan consolidation, then you save money and time.

Today's best interest rates are very actually pretty low.

May 2010 Student Loan Consolidation Update: Student Loan Consolidation at ScholarPoint. Student Loans. Find info and resources for Federal loan consolidation, ans learn more about student loans and compare the companies' student loan offers.

EDITOR'S PICK  for a private student loan : Private student loans @ iStudentLoan - up to $100,00 a year,.

Consolidate Student Loan Debt

A study from the National Center for Education Statistics tells that roughly half of college alumni have an average student loan debt of  $10,000 US. The average cost of a college education increases at two times the rate that inflation does.  Public Universities are currently estimated to cost $13,000 a year, while private colleges and universities are estimated to cost $28,000 annually. These increasing costs of education leave both parents and students with increasing student loan debt.

How does Stafford student loan consolidation help save money?
By lowering your monthly payment and lowering your interest rate, which ultimately decreases the total loan principal and interest amount you pay over time.

How does loan consolidation actually work?
When your loans are consolidated, all of the outstanding balances of your existing student loans are paid off, with the total balance rolling over into one consolidated loan. The end result is that you have only one FIXED RATE loan to pay on.

What types of student loans are eligible for Federal loan consolidations?
Federal Stafford Loans, Parental PLUS loan, Nursing school loans, Federal direct loan, Basically any Federal undergraduate, grad, law school or any other type of FEDERAL loan what was taken out for College. Note: Federal Loans are the loans that came after you filled out the FAFSA and financial aid award letter.

Secure lower student loan rates? Research first to make sure.
 Under the provisions of the Higher Education Act borrowers may be eligible to lock in the lowest rates in the history of the Federal Student Consolidation Loan Program. After careful evaluation and research, we've listed only the best student loan companies, Federal and private loan programs which provide secure service and some of the best private school loan consolidation deals out there, stop by their main page for school loan consolidation

 

UPDATE: Student loan consolidation websites, reading and Resources: Find additional loan consolidation information. Federal student loan consolidation insight blog articles at www.feded.net

By consolidating student loans you will have fewer bills and less paperwork as the new loan combines all of your student loans into ONE loan with several advantages such as:

  • Lower Interest Rates for "In-School" and "In-Grace" Student Loan Consolidation
    Which means borrowers who have a Direct Student Loan or FFELP loans in an "in-school" or "grace period" at the time their student loan consolidation application is received, may benefit from a lower fixed APR on the new Direct Consolidation Loan.. Private student loans may not always qualify.
  • Possible tax deductions when consolidating federal Stafford loans.
  • One Lender with a single monthly payment, with an option to receive an interest rate reduction if you enroll in "automatic payments" from your checking or debit card account.

Recent News: The Student Loan scandal has caused most colleges and lenders to rethink their lending policies. The truth is that you are entitled to borrow from any lender you choose. The colleges will likely have three "preferred" lenders. How does one company become a preferred lender you might ask? We think it's best for the lenders to answer that. Our opinion is Customer service (with fair rates) means everything. Just know that you do have a choice, you can select any company you want to service your school loans (for now).
 

> Student Loan Consolidation PART 2 page.

School Work Student Finance and Loans Pages and recommendations: 
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