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e-Student-Loans.com: Student Loans & Consolidation of Student Loans

What is e-Student-Loans all about?

Today E-Student-Loans, one of the nations’ leading college student loan and student loan consolidation companies in today’s market, launched its new revolutionary website that includes up-to-date information pertaining to student loans and the consolidation of student loans.  The new www.e-student-loans.com website also provides resources that outline multiple student loan and student loan consolidation repayment options, current qualifying interest rates, program eligibility requirements, and even loan forgiveness options.

Read more: e-Student-Loans.com: Student Loans & Consolidation of Student Loans

Less Competition for Student Loan & Student Loan Consolidation Lenders

An Advantage for e-Student Loans

Two of our nation’s lending superpowers, U.S. Bank and JPMorgan Chase recently announced that their private student loan and private student loan consolidation lending programs have either been eliminated or reduced to fewer programs.  With many major banks making their exits from the student loan and consolidation of student loans lending industry, there has been a major gap to fill in providing affordable private student loans and student loan consolidation for students who need student loans and graduates who need to consolidate student loans. 

Read more: Less Competition for Student Loan & Student Loan Consolidation Lenders

Is Student Loan Consolidation Your Savior From Student Loan Debt?

Day 3 of the protest Occupy Wall Street in Man...

Day 3 of the protest Occupy Wall Street in Manhattan's Zuccotti Park. (Photo credit: Wikipedia)

Millions of Americans are worried about what to do about their burden of student loans. With outstanding student loan debt now surpassing $1 trillion, there’s a fever pitch of activity around the issue. What many folks may not realize is that student loan consolidation is worth looking into.

Their are multiple private lending institutions that provide private student loan consolidation. Even credit unions entered the private student loan consolidation market in late 2010.

www.e-Student-Loans.com, offering one loan with common underwriting and pricing, launched its offering nationwide February of last year.

Credit unions are not-for-profit financial institutions, so sometimes they offer better rates than other private institutions, such as traditional banks, that need to turn a profit.  e-Student-Loans.com is likely able to refinance your private student loans at lower rates, possibly saving thousands of dollars per year in total interest and payment expenses. Another option is to extend the term from your existing loans for even lower payments.

Read more: Is Student Loan Consolidation Your Savior From Student Loan Debt?

Federal Student Loans & Private Student Loans Differences

Federal Education Loans and Private Student Loans:  What are the differences?

When preparing to obtain a college degree, many students get assistance through their school’s financial aid department.  Typically, there are 2 types of student loans offered: 

Federal Student Loans and Private Student Loans.  It is important for students to understand the differences between federal student loans and private student loans.  One important factor to understand is that typically federal student loans and private student loans cannot be consolidated together.

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Federal Student Loan Consolidation & Private Student Loan Consolidation Options

Federal & Private Student Loan Consolidation: What are my Options?

Individuals who took out student loans, whether federal student loans, private student loans, or both, in many instances find that when their student loans become due for repayment the student loan payments are to simply put it “unmanageable” in one way or another.  It could be that they started paying their private student loans while in school, deferred their federal student loans as long as possible, and now all their loans are suddenly due for payment.  It could be that they have exhausted all forbearance options.  Others may just find it difficult to keep up with making payments to multiple lenders.  Whatever the case may be, there are options available to consolidate federal student loans as well as private student loan consolidation.  Keep in mind that federal student loans and private student loans cannot be consolidated together.  

Read more: Federal Student Loan Consolidation & Private Student Loan Consolidation Options