Student Loan Consolidation

Refinance Student Loans

What do you need to do on your government student loan? Not just refinance them, you need to consolidate loans, Student! You need to combine all your student loans into one, with one monthly payment -- which will probably be lower! Where can you get the best student consolidation loan rates? Why think about them now?

You're about to graduate from college. You're about to start working. Soon you have to start paying those student loans. Now is the time to consolidate student loans!

Get the best consolidation student loan rates while you are a student. Once you have graduated, you may be able to consolidate your loans, but you probably will not qualify for student loan rates at that time. With some student loans, there is a short grace period during which you can still consolidate as if you were still a student.

Federal loan programs

The Federal Student Loan Programs make it easier for everyone to be able to afford college, if they are willing to commit to repay those loans. Student loan rates are excellent because the U.S. Government sponsors the loans for the bank.

Whether you obtain the most common Federal Stafford Loan for your college funding, Federal Perkins Loans or Federal Parent Loans for Undergraduate Students, or even any of the available private education loans, you need to watch the interest rates.

Stafford Student Loans come in two types: Subsidized Federal Stafford Loans and Un-subsidized federal Stafford Loans. Both have limits on how much you can borrow each year. Both vary that amount based on which your undergraduate year or whether you are in a post-graduate educational program.

Federal Consolidation Loan Program

The Federal Consolidation Loan Program allows you to reduce you payments, to lock in low interest rates, to combine all eligible student loans into a single loan with one monthly payment. They let you make your life easier. They let you make your education cheaper -- you can consolidate to a lower rate and save money.

Stafford loans have a standard 6-month grace period after graduation before you start repaying the loan. If you consolidate before the grace period ends, you can lock in today's low rates.

You may even find student loan consolidation lenders who will reduce your rates and even give cash back!

After the Grace Period

Once the Stafford loans' six month grace period has ended, you have to start making payments on your student loans. It is too late at that point to consolidate them as a student loan. Now you only choice is to consolidate them as part of any other group of loans you may have.

If you let the grace period end without consolidating your student loans, you lose the low interest rate advantages of the Government programs.

Don't let this happen to you!

Consolidate while you are still a student or within the grace period of your loans.