Benefits of Student Loan Consolidation:

One Lender and One Monthly Payment Multiple Repayment Options No Prepayment Penalties Cosigner Release Option Varied Deferment Options Balance Forgiveness Defaulted Loan Assistance Fast Pre-Approval

Should I Consolidate?

1. Are your monthly payments manageable? If you are struggling to meet your monthly payment obligations, expired your deferment or forbearance options, or are trying to avoid defaulting on your loans, apply now for a student loan consolidation.
2. Are you making payments to multiple lenders?  If you want the convenience of one payment to one lender each month, apply now for a student loan consolidation.
3. Are you willing to pay an extended term in exchange for lower, more affordable payments?  Like a mortgage loan, extending the term may increase the amount you repay over the life of the loan, but will also reduce the amount you pay monthly, thus making your loan payments more affordable.
4. Are your loans delinquent or in garnishment?  If you are soon to fall delinquent, have fallen delinquent, or are in garnishment, apply now to find out how to get your loans back current.
5. Has your income been reduced or are you facing financial hardship?  If so, apply now to find out how to consolidate your loans into one low, affordable payment.                    

Apply Now or call 800-639-3043 for a FREE CONSULTATION and FREE PRE-APPROVAL!

Types of Student Loan Consolidation: Federal Student Loan Consolidation & Private Student Loan Consolidation

Borrowers can apply for either federal student loan consolidation or private student loan consolidation.  While federal student loan consolidation and private student loan consolidation programs offer similar benefits when consolidating student loans, each has their own advantages and disadvantages.

Federal Student Loan Consolidation Vs. Private Student Loan Consolidation?

Borrowers can apply for either federal student loan consolidation or private student loan consolidation.  While federal student loan consolidation and private student loan consolidation programs offer similar benefits when consolidating student loans, each has their own advantages and disadvantages.

Federal Student Loan Consolidation VS. Private Student Loan Consolidation

Whether student loan holders should apply for a federal student loan consolidation or private student loan consolidation depends on a number of factors. The first factor is the the number of student loans that you hold and how you want to organize and manage your finances. Another factor is whether you have federal student loans, private student loans, or both to consolidate. e-Student-Loans generally recommends consolidating federal student loans first, and then private student loans.  In most cases federal student loans and private student loans cannot be consolidated together.  

e-Student-Loans believes there are certain benefits of federal student loan consolidation that private student loan consolidation cannot offer. In general, federal student loan consolidation programs will offer lower and fixed interest rates, some repayment plans are calculated based on the income and family size of the borrower, and there are loan forgiveness and deferment options offered as well.

Although some private lenders will offer terms and conditions that are similar to federal student loan consolidation, we urge people to take advantage of our FREE CONSULTATION, to discuss which student loan consolidation program best suites your needs.

The terms of private student loans consolidation and federal student loans consolidation programs may differ. While you're likely to get the lowest interest rate from federal student loan consolidation programs, e-Student-Loans will also be able to help you apply for private student loan consolidation, as in most cases federal student loans and private student loans cannot be consolidated together.  We also recommend consolidating seperately as borrowers may lose some of the benefits offered with either the consolidated federal or private student loans. 

There can be significant differences between private student loans consolidation and federal student loans consolidation programs. e-Student-Loans can help you compare programs and answer any questions you have in order to determine a solution that meets your goals.

 Call us at 800-639-3043 or Apply Now for your FREE CONSULTATION and FREE PRE-APPROVAL!