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Student Loan Consolidation
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Whether you have federal student loans (such as Stafford, PLUS, or Federal Perkins loans) or private student loans, there are a number of student loan consolidation services that can help you consolidate your loans into one single debt. This can result in lower interest rates, and, in some cases, dramatically reduced monthly loan payments. Many consolidation services offer fixed interest rates for the life of the loan, which can lock in your savings for years to come. This is good since consolidation loans typically have longer terms than other loans - usually anywhere from 10 to 30 years.

A recent study by the National Center for Education Statistics shows that half of all recent college graduates have an average student loan debt of $10,000. For some students, this amount is much higher. Additionally, many students receive loans from a number of sources.

There are many advantages to consolidating all of these loans into a single debt. With interest rates at record lows, you will most likely receive a better rate by consolidating your loans now than when you first got your loans. The second advantage is reducing the number of creditors you have, which makes it easier to keep track of monthly loan payments. Additionally, consolidating your student loans into a single debt simplifies the repayment process, making it less likely that you will default on your loan payments.

There are a number of services available to help you in this process. Some only offer federal student loan consolidation, while others enable you to consolidate both federal and private student loans. Therefore, it is important to make sure that the student loan consolidation service you choose meets your student loan consolidation needs. Additionally, while some websites provide instant, online loan quotes, other websites do not. You will want to make sure that the service you select provides you with the information you need to make consolidation decisions.

There are a variety of issues to consider when looking for a student loan consolidation plan. Some of these include:

  • Information. Does the website provide adequate information to help you make student loan consolidation decisions?
  • Quality of Service. Does the website provide consolidation solutions that meet your needs?
  • Professionalism. Is the website professional and credible? Does the consolidation service have a strong reputation in the industry?

TopConsumerReviews.com has reviewed the best student loan consolidation programs available today. We hope this information helps you select the student loan consolidation program that's right for you!

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

2016

Student Loan Consolidation Reviews

5 stars
National Debt Relief

NATIONAL DEBT RELIEFTopConsumerReviews.com Best-In-Class Blue Ribbon Award

National Debt Relief is a leading provider of financial solutions, and they have an impressive range of options for both private and federal student loans. This company comes with a strong reputation, maintains a strong "A" rating from the Better Business Bureau, and offers a 100% money back guarantee with their plans. If you're in the market to consolidate and better manage your student loans, National Debt Relief should be your first choice. Read More... Visit
Site

4.5 stars
Student Loan Consolidator

STUDENT LOAN CONSOLIDATOR

Student Loan Consolidator offers both federal and private student loan consolidation. They also offer special options, such as interest-rate reductions and interest-only payments. Additionally, they provide a toll-free number that enables you to contact loan counselors with any questions you might have. Read More... Visit
Site

4 stars
Chase Loan Consolidation

CHASE LOAN CONSOLIDATION

Chase is a leading financial services institution and one you can trust when it comes to federal student loan consolidation. Their online application is quick and easy, and you can find out whether you are eligible for their services within moments. Chase has a professional website that is easy to navigate and use. However, Chase does not quite offer the same level of service as our higher-rated selection. Read More... Visit
Site

3.5 stars
Wells Fargo Student Loan Consolidation

WELLS FARGO LOAN CONSOLIDATION

Wells Fargo offers competitive loan consolidation for those who are consolidating only private student loans. They do not offer consolidation of Federal loans, which dropped them a bit in our ranking. Read More... Visit
Site

3 stars
Federal Loan Consolidation

FEDERAL LOAN CONSOLIDATION

Federal Loan Consolidation offers the consolidation of Federal Education Loans. The website is robust with information, but at times difficult to understand and lacks the professionalism that most people have come to expect. Read More... Visit
Site

UK student loans: 'we will trace and prosecute borrowers who don't pay'

Universities minister Jo Johnson promises stronger action on student debtors, including tracking expats in Australia The government will consider prosecuting students who avoid repaying their student loans, the universities minister has said. While Jo ...

Published:  Fri, 12 Feb 2016 22:17:00 GMT



Why the percentage of past due student loans remains stubbornly high

The inside track on Washington politics. Be the first to know about new stories from PowerPost. Sign up to follow, and we'll e-mail you free updates as they're published. You'll receive free e-mail news updates each time a new story is published.

Published:  Fri, 12 Feb 2016 14:55:00 GMT



Some companies now offering to help pay back student loans as part of their benefits packages

(WXYZ) - Things like health insurance, paid time off and a 401K are pretty standard when it comes to workplace benefits. But the newest benefit some companies are offering is help in repaying student loan debt. A whopping 71 percent of students are ...

Published:  Fri, 12 Feb 2016 19:45:00 GMT



Poll: Some borrowers would cut off pinkies, take punch to dump student loans

WASHINGTON, Feb. 12 (UPI) --How far would you go to pay off your student loans? Cut off a pinky finger? Take a punch from former professional boxer Mike Tyson? Give up social media for life? A new poll shows some graduated student loan borrowers would ...

Published:  Fri, 12 Feb 2016 10:21:00 GMT



What to Do When a Tax Refund Is Seized for Student Loans

Student loan holders start this process in the fall, but borrowers are often surprised when their refund is garnished. There is no statute of limitations on federal student loans, so if you go into default your debt will continue to haunt you until you ...

Published:  Thu, 11 Feb 2016 21:24:00 GMT



Should I buy a home while still paying student loans?

I am a millennial with student loans which makes saving for a down payment on a house difficult. I am currently renting and feel like I may be throwing my money down the drain when I could be building equity. Should I consider a low down payment option or ...

Published:  Mon, 08 Feb 2016 21:00:00 GMT



What Deleveraging? Student Loans And Government Debt Surge

Both student loans and automobile loans made a fresh new high in 4Q15. That shouldn't be viewed as "new" news. Both these loans have been trending higher in the current cycle. When Great Recession ended, student loans were $710.9 billion.

Published:  Thu, 11 Feb 2016 12:53:00 GMT



Here's Why It Takes Women Longer to Pay Off Student Loans

Student loans haunt millions of workers, but new research has found that they can be even more of a strain for women, due in part to the gender-based pay gap. A report from the American Association of University Women shows that it takes women longer to ...

Published:  Thu, 11 Feb 2016 05:11:00 GMT



When 65-year-olds grapple with student loans, and a pink cider for Valentine's Day

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Published:  Fri, 12 Feb 2016 14:22:00 GMT



 

 

 

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