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Student Loan Consolidation Better Business Bureau Reliability Seal

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!

2017

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
SoFi

SOFI

SoFi (which is pronounced "SEW-fi", short for "SOcial FInance") is one of the most innovative resources available for both federal and private student loan consolidation. Their user-friendly website, including helpful articles to help students navigate the world of finance, makes it easy to understand all of your options. SoFi is also the only lender we found that offers unemployment protection, which may allow you to suspend your loan repayments for up to 12 months if you lose your job. SoFi should absolutely be on your short list for lenders if you're looking to consolidate your student loans.
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

The Government Says 12 Million People With Student Loans Got Cheated. You May Be One of Them

Do you have student loans? If so, there's a decent chance that Navient, the largest student loan servicing company in the country is servicing at least one of them. (Navient, formerly part of Sallie Mae, services federal student loans as well as private ones.

Published:  Mon, 23 Jan 2017 20:25:00 GMT



Is It Really Possible My Tuition Answer Student Loans Were Discharged in Bankruptcy?

I have 3 Tuition Answer loans through Sallie Mae that I was talked into while attending Concorde Career College in Kansas City in 2005. I owe over $66,000 just to Sallie Mae (not mention my federal loans). It's odd because I was the student but my ...

Published:  Mon, 23 Jan 2017 18:17:00 GMT



How To Tell If You're Paying Way Too Much In Student Loans (And What To Do About It)

When I was accepted into a very prestigious, yet very expensive, college program, my parents said "no." (Actually, looking back and knowing my parents, it was probably something along the lines of "Hell no, are you crazy??," but I digress.

Published:  Mon, 23 Jan 2017 08:40:00 GMT



What The Navient Lawsuit Means For Your Student Loans

On Wednesday, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Navient, the largest student loan servicer in the country. If you have a student loan, there is a good chance that it may be serviced by Navient. Navient, which spun off ...

Published:  Fri, 20 Jan 2017 05:13:00 GMT



Student loans are getting bigger and harder to pay off, new figures show

Student loans are getting bigger and graduates are taking longer to pay back the money they owe. Figures from last year's Student Loan Scheme Annual Report show the median loan balance in this country grew from $10,833 in 2008 to $14,904 in 2016.

Published:  Mon, 23 Jan 2017 14:00:00 GMT



Oopsie! Department of Education cops to massive math error on student loans

What a confidence builder, eh? This looks more like a confidence game, though, in support of the Obama administration's war on for-profit schools. The Wall Street Journal's editorial board blasts the Department of Education for waiting months to ...

Published:  Mon, 23 Jan 2017 19:12:00 GMT



Student Loans: Will I be able to pay back my student loans?

Our student loan calculator will help you gauge the feasibility of your student loan repayment with your anticipated future income. When you borrow money for college, you might not be thinking about the time table you'll be using to repay the loan.

Published:  Mon, 23 Jan 2017 18:20:00 GMT



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