Student Loan Consolidation Reviews
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Student Loan Consolidation Reviews
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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.
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.
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.
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.
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.
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.
Student Loan Consolidation
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. Many students receive loans from a variety 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. Consolidating your student loans into a single debt also 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:
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!
Student Loans In The News
Christina Dragonetti knows the application for student loan forgiveness she submitted on Wednesday amounts to a sort of Hail Mary. "I fully expect for it to get rejected," the 39-year-old said. Nonetheless, Dragonetti rushed to apply for Public Service ...
Published: Sat, 26 May 2018 07:40:00 GMT
Last year, in these pages, I reported that, on January 13, 2017 (just one week before the Obama administration exited DC), the Obama Department of Education released a memorandum confessing that it had "overstated student loan repayment rates at most ...
Published: Thu, 24 May 2018 08:15:00 GMT
DRAPER, Utah-Mike Meru, a 37-year-old orthodontist, made a big investment in his education. As of Thursday, he owed $1,060,945.42 in student loans. Mr. Meru pays only $1,589.97 a month-not enough to cover the interest, so his debt from seven years at ...
Published: Fri, 25 May 2018 11:41:00 GMT
The Education Department plans to stop using private debt collectors to handle overdue student loans, a practice that had drawn scorn from activists who said the companies stop at nothing in pursuit of tardy loans. The decision emerged this week in a ...
Published: Fri, 25 May 2018 14:01:00 GMT
Community colleges provide some of the best value in higher education. In 2017-18, the average community college student's tuition and fees were fully covered by grants and federal tax breaks, according to the College Board. (Education tax credits and ...
Published: Fri, 25 May 2018 07:22:00 GMT
Are you having difficulties paying off your student loan debt If you don't qualify for other methods of help, refinancing your student loan might be a suitable option. Consider these seven questions to see if refinancing makes sense in your case.
Published: Sat, 26 May 2018 01:27:00 GMT
When it comes to manage and pay off student loans efficiently, you have to keep a proper track of all essential details such as balance, loan repayment status and lender details etc. having all these loan related details on hand can help you determine best ...
Published: Sat, 26 May 2018 15:12:00 GMT
... announced in December that some students cheated by the now-defunct schools would only get a part of their federal student loan forgiven. In order to determine how much to forgive, the agency analyzes average earnings of graduates from similar programs.
Published: Sat, 26 May 2018 14:21:00 GMT
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