Federal Loan Consolidation Comparisons

We can offer you two types of student loan consolidation comparisons-private and federal. Here is more information about federal loan consolidation comparisons.

About Federal Student Loan Consolidation

When making federal loan consolidation comparisons, you will see that the rates of the loans are tied to three-month Treasury Bills. Rates are currently some of the lowest in history. Your federal loan consolidation comparisons will depend on the current market rates and the interest rates of your existing student loans. Typically, a weighted average of the interest rates of your existing loans is taken and rounded to the nearest one-eighth of a percentage. By law, this rate cannot exceed 8.25%.

Qualifying for Federal Loan Consolidation Comparisons

In order to qualify for federal loan consolidation comparisons, you will need to have federal student loans in addition to meeting our aforementioned basic criteria. Here are some examples of loans for which you can receive federal loan consolidation comparisons:

• Stafford Loans
• Perkins Loans
• Federal Direct Loans
• Supplemental Loans for Students (SLS)
• PLUS & Grad PLUS Loans
• Nursing Student Loans
• Health Education Assistance Loans (HEAL)

Benefits of Federal Loan Consolidation Comparisons

When you receive federal loan consolidation comparisons on our website, most of our lenders will be able to offer the following benefits:

• No charges, fees, or prepayment penalties
• Retain federal borrower benefits
• Reduce monthly payment burden by up to 60%
• Lock in a low, fixed rate for the life of your loan
• Additional rate reductions for making consecutive, on-time payments

If you have any questions, please visit our "FAQ" page.