How It Works
Find out everything you need to know about the best student loan consolidation program here. We'll explain what it is, who qualifies, and how it works.
About the Best Student Loan Consolidation Program
The best student loan consolidation program is a service that helps you bundle your many, high-interest student loans into one, easy monthly payment. We do this by issuing a new loan with which you pay off your existing student loans. Almost always, the new loan has a dramatically lower interest rate than those of your current student loans. The best student loan consolidation program always provides loans through private lenders, though federal consolidation is technically sponsored by the federal government. Your loan, however, will still be issued through your best student loan consolidation program.
Qualifying for the Best Student Loan Consolidation Program
We do ask that you meet a few basic requirements to qualify for the best student loan consolidation program. Here is what you will need to qualify for the best student loan consolidation program:
- Loans have never been previously consolidated
- Loans are in grace or repayment period
- You are no longer enrolled in school more than half-time
Check out the next page to find out if it is for you.
Best Student Loan Consolidation Program Process
The best student loan consolidation program involves a few simple steps:
- Tell us about yourself on our online application. The best student loan consolidation application is free and can be completed online in just a few minutes. We will only ask you for some basic contact information, so you do not need to know the details of your student loan portfolio.
- A best student loan consolidation program rep will call you. If we receive your application during business hours, a rep will contact you via telephone to complete the process and answer any questions you may have.
- We consolidate your loans. Once the application process is complete, we will mail checks to pay off all of your existing student loans.
- You make one monthly payment to the best student loan consolidation program. After your loans are consolidated, you will then make one payment each month to your consolidation service.