The following lenders offer the best student loan consolidation programs. They are not only familiar among students, but also very customer friendly in their approach of granting consolidation loan to students.
Sallie Mae
Regular as well as consolidated loans are provided to students and parents for both graduate and undergraduate studies. Federal and Private Loans are offered to students. A complete source of information, guidance and support is offered to students regarding the loan sanctioning process.
Federal Loan:
- Low monthly liability
- Low and fixed interest rates
- Single payment
- No credit checks
- Auto debit and successful payments reduce interest rates further.
- Easy online application.
- Different types of plans to suit your requirement.
Private Loan:
- No application deadlines
- No prepayment penalty
- Variable interest rates
- No application fee
- No repayment fee
- Flexible repayment term
- Minimum $5,000 loan required for consolidation
- Single payment every month
Wells Fargo
A well known private lender Well Fargo is the most trusted name in student’s financial aid. With easy and flexible approach, Wells Fargo’s every policy is student oriented.
Benefits:
- Maximum loan upto $120,000
- Loan to temporary residents upto $25,000
- Online service
- Low interest rates
- Auto debit and consecutive payments reduce interest rates
- No application, repayment or disbursement fee
- Release cosigner after 24 consecutive payments
EdFed
One of the leading lenders in student loans, it offers both specific and money saving financial solution to students in handling their loans and managing their college expenses.
Federal Loan:
- Lower monthly payments
- Lower interest rates
- Lock in interest rates
- Longer repayment period
- Monthly liability reduced to 50% of the original liability
- Consolidation into a single loan
Private Loan:
- Low and variable interest rates
- Simple repayment terms
- No prepayment penalty
- Single affordable payment every month
- Reduction in interest rate for auto debit facility
Benefits:
- No credit checks
- Several flexible repayment plans
- Fixed interest rates
- Deferment and forbearance available
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