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      June 25, 2016
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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
LendKey

LENDKEY

LendKey is an online provider of student loan consolidation services with strong customer reviews. Their ability to connect students with community banks and credit unions for both federal and private school loans makes them a good choice for most consumers, though occasional issues with the website may prove frustrating. 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

Five ways to manage student loans and credit card debt

Left unchecked, money-related stress can interfere with one's job, relationships, and well-being. In a recent study by the American Psychological Association, almost 90% of Americans surveyed reported that their stress levels over money hadn't improved ...

Published:  Fri, 24 Jun 2016 09:21:00 GMT



This is Trump's stance on student loans - and it could hurt poor students

Furthermore, said Inside Higher Ed, Trump would make colleges share greater risk, so when deciding which students to admit or offer loans to, they favor those who are more likely to earn more post-graduation. This doesn't seem to include those ...

Published:  Wed, 22 Jun 2016 09:30:00 GMT



Private student loans: Should you or shouldn't you?

Paying the tab for college tuition can include a mix of savings, scholarships, federal student loans and private student loans. (Photo: Susan Tompor) If you qualify for a federal private student loan at 4%, it looks better than a PLUS loan at 6.31%.

Published:  Thu, 23 Jun 2016 05:06:00 GMT



Smart borrowing tips to help families pay for college

Most will need some type of financial aid to help pay for an undergraduate degree. In fact, 71 percent of students in bachelor's degree programs have student loans, according to one study sponsored by the White House. "It's rare for families to put a ...

Published:  Fri, 24 Jun 2016 09:53:00 GMT



Can Consolidating My Student Loans Help Me Buy a Home?

While rising debt levels are partially responsible for a falling homeownership rate in the U.S., there are ways aspiring homeowners can responsibly take on a mortgage while working on paying down other loan balances. For example, a Credit.com reader ...

Published:  Thu, 23 Jun 2016 05:17:00 GMT



Get cash back for your student loans

Struggling to pay down your student loans? This new debit card can help. It's simple. Buy stuff with this new debit card and you'll reduce your student loan debt. The card offers 1% cash back on all your purchases and the money will automatically transfer ...

Published:  Tue, 21 Jun 2016 06:05:00 GMT



CONTACT 13: Employers helping pay student loans

In a recent study of millennials, who make up the largest segment of the U.S. workforce EdAssist found 1-in-3 workers say employers should help to repay their student loans. It turns out businesses are listening, and more employers are helping their ...

Published:  Thu, 23 Jun 2016 23:19:00 GMT



Rules to Follow on Student Loans

Much is being made of college graduates (and drop-outs) drowning in student loan debt. The June 2016 issue of the AARP Bulletin outlines some commonsense guidelines for senior citizens to follow if they are thinking of returning to school to pick up new ...

Published:  Fri, 24 Jun 2016 12:08:00 GMT



 

 

 

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