Get a Fixed Rate Student Loan

If you are a parent or former student who took out any Federal PLUS Loans or Stafford Loans prior to July 1, 2006, student loans are subject to variable interest rates that adjust every year. When interest rates rise, your monthly student loan payments can also rise. If you're on a tight budget, the increase in monthly payments can be difficult to handle. Want to hand, you could have a monthly payment of their federal student loans they know will never change? Consolidating student loans can be for you.

Federal student loan consolidation gives you the security of a fixed interest rate. By consolidating your federal parent student loans, you replace your variable-rate loans with a fixed rate college loan consolidation, you never have to worry about rising interest rates and left to guess about the amount monthly payment.

Take the time to repay their student loans

If you have several loans from the university and in reimbursement that is juggling multiple bills, multiple due dates, and multiple monthly payments to multiple lenders, loan consolidation could help make your payment easier to manage. With a program of student loan consolidation can combine all their eligible federal parent or student loans into one consolidation loan with one monthly bill and one monthly payment fixed for the life of your loan from the university.

Cut monthly payments on their student loans of up to 40%

Also offers the comfort and security of a fixed interest rate student loan consolidation could also help cut your monthly student loan payments nearly in half. When you consolidate your college loans, you may be able to extend the term of their parent or student loans of up to 20 years. With that longer repayment term, since they have more time to pay the amount you must pay each month is usually lower. By consolidating their college loans, your monthly payments could drop by up to 40%!

Implementation Act to consolidate your student loans

You can apply for student loan consolidation within minutes, either online or with a quick phone call to NextStudent. It's fast, easy and free to apply, and there are no fees, credit checks, and NO co-signers required.

There are also no prepayment penalties on your Federal Consolidation Loan. By consolidating your student loans with NextStudent, you should never pay extra for paying more than the minimum each month or to pay your student loan consolidation early.

Who is eligible for Student Loan Consolidation?

To be eligible to consolidate their federal student loans can not currently be enrolled in school more than half the time. Those seeking to consolidate student loans in repayment should be in a grace period or in an authorized deferment or forbearance period.

Your parents can consolidate PLUS loans it took out to help pay for school as soon as student loans have been disbursed and have entered repayment, even if you are still in school full time. Although your parents can consolidate their PLUS loans, you will not be able to consolidate their college loans parent loans.

Student Loan Consolidation for private student loans

If you have private loans for students, in addition to (or instead of) your federal student loans, you will not be able to consolidate their private student loans by consolidating federal student loans program. But you may be eligible to consolidate your private student loans separately with a Private Consolidation Loan, which offers the same convenience of a single private loan for your student loans.