Loan Consolidation
Loan consolidation allows you to refinance any or all of your outstanding federal student loans and create a single new loan with one monthly payment. The new loan will have a fixed interest rate, new terms and may have an extended repayment period of up to 30 years. Interest rates did increase on July 1, 2006.
Consolidation loans are not for everyone. The advantages and disadvantages of consolidation will differ for each borrower and will depend on the types of loans being consolidated, their amounts, interest rates and repayment terms. Please click on link for detailed consolidation information.
LOAN CONSOLIDATION click here
Currently, many lenders are no longer processing consolidation loans. Check with your lender.