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
Women are starting their adult financial lives in the hole. And student loans are partly to blame. Student loans delay significant life events for both men and women. Paying off college means millennials are buying houses, getting married, and having kids ...
Published: Sat, 17 Mar 2018 07:27:00 GMT
WASHINGTON (AP) - The Department of Education has begun notifying some former Corinthian Colleges students that it will forgive only one-half or less of their federal student loans, even though the students were defrauded by the now-defunct schools, The ...
Published: Fri, 16 Mar 2018 09:54:00 GMT
It's March, which means constant coverage of college basketball and coeds whiling away their days in bars and bikinis. But over the past few years angst about spring break has taken on a new flavor: finger-wagging about a supposed rash of students ...
Published: Sat, 17 Mar 2018 07:01:00 GMT
As the number of college graduates defaulting on their student loan payments continues to climb, a troubling new survey indicates that significant portions of that money may have been spent partying during spring break. According to a new survey from Lend ...
Published: Fri, 16 Mar 2018 13:02:00 GMT
In response to the wave of new state student loan servicing laws and enforcement activity, the U.S. Department of Education has published an interpretation emphasizing that the Higher Education Act (HEA) preempts state regulation of federal student ...
Published: Fri, 16 Mar 2018 12:16:00 GMT
"Student loans can facilitate an education that propels certain folks much further than they likely ever would have gone without them," said Tom Knickerbocker, Executive Vice President of Ameritech Financial. For the career-minded student loan borrower ...
Published: Fri, 16 Mar 2018 11:36:00 GMT
WILKES-BARRE - Pennsylvania Attorney General Josh Shapiro and a bipartisan coalition of 30 attorneys general are urging Congress to maintain state oversight of the student loan industry. The action comes in response to a proposal in Washington that would ...
Published: Fri, 16 Mar 2018 17:31:00 GMT
WASHINGTON (AP) - The Department of Education has begun notifying some former Corinthian Colleges students that it will forgive only one-half or less of their federal student loans, even though the students were defrauded by the now-defunct schools, the ...
Published: Fri, 16 Mar 2018 09:03:00 GMT
EMERYVILLE, Calif., March 16, 2018 /PRNewswire/ -- Are you in control of your money A recent article gathered financial advice from grandparents, and each one came down to control. From planning to not overspending, the advice came from a generation that ...
Published: Fri, 16 Mar 2018 12:21:00 GMT
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