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Read more information for the
Financialaid.com - Student Loan Consolidation - Program Overview
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Overview of Student Loan Consolidation:
Student Loan Consolidation can significantly lower your monthly payment by lengthening the term of your loans, with no prepayment penalties! When you apply now, you can lock in the lowest interest rates in the history of the Federal student loan program! Consolidation is FREE and easy and does not require a credit check.
Benefits of Consolidating with financialaid.com:
When you consolidate with financialaid.com you are eligible for our Borrower Benefits Package, which can reduce your interest rate by an additional 1.25%:
- All borrowers benefit from an additional .25% rate reduction when your payments are automatically deducted from your checking account.
- Borrowers with $20,000 or more in student loans benefit from an additional 1% rate reduction after you make 36 on-time payments.
- To start saving money faster, borrowers can complete the entire application process online with a pin-less electronic signature.
More than 3,000 college graduates consolidate their student loans with financialaid.com each month making student loan consolidation the most requested financial service on the site. Not surprising, when you consider that today`s college graduate carries an average of nearly $29,000 in student loans. With interest rates at historic lows, many grads can save hundreds of dollars each month by consolidating their loans. In a tight job market, the increased cash flow that student loan consolidation provides allows these recent grads more flexibility with living expenses, the ability to pay off high-interest credit cards and/or the option to save money for the future.
Financialaid.com recently expanded its services to include PLUS and Stafford loans. This year, nearly six million undergraduate students will require approximately $90 billion in financial aid assistance to meet the skyrocketing costs of attending college. With shrinking school scholarship and financial aid budgets, the bulk of this aid -- 54 percent -- will be in the form of student loans. financialaid.com now offers PLUS and Stafford loans to help parents and student deal with these rising education costs. |
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