STUDENT LOANS Student loan consolidation simply means consolidating all your student loans into a single loan with a monthly payment plan. Effectively, all your previous student loans are written off and a new student loan is created which you have to pay off monthly. Some of the key benefits of student loan consolidation are lower monthly payments, only one loan payment, low interest rate etc.
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Student Loan Consolidation Program
The student loan consolidation program offer several benefits. This is a partial list of the benefits offered.
Lower monthly payments
Pay only one loan monthly instead of several student loans monthly
Low, fixed interest rate
Make monthly student loan payment electronically. Some lenders will knock 0.25% off your student loan rate if you make the payments electronically.
