| Consolidating your private student loans may
enable you to reduce your monthly payments by either extending the payment
terms (i.e. lengthening the payback period), a lower interest rate, or
both. The interest rate on private consolidation loans is based on the
applicant’s credit score and history.
Private consolidation loans offered through Studentloans.com offer:
 |
No fees |
|
Easy application process |
|
Instant credit decision |
|
Flexible repayment options |
|
Deferred payments while in school (up to 3 years) |
|
The choice of either a fixed or variable interest rate |
Note: Private consolidation loans through Studentloans.com do not consolidate
federal student loans. In order to consolidate federal student loans,
you may want to consider a federal consolidation
loan as it is subsidized by the government and offers a lower
interest rate. |
