Federal Student Loan Consolidation Aid

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                 Federal Student Aid                 

              Department of Student loan consolidation

   Consolidation

A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan. The resultis a single monthly payment instead of multiple payments. if you tired of managing multiple federal student loan payments, with multiple interest rates or multiple servicer's ? If so, now may be the time for loan consolidation. The U.S. Department of Education made the landmark decision to allow you to choose your consolidation service r (of which, U.S.F.F.C is one) under the Direct Consolidation Loan program.

With a student loan consolidation loan, this company can reduce your monthly student loan payments by as much as 60 percent. Loans as high as  can be approved and there is no collateral required. Loan Approval Direct also offers interest rates as low as 3 percent. 

USFFC -

This online debt consolidator is the parent company of Student Loan Consolidation and can save you a great deal of money on your monthly student loan payments. Their online application is easy to fill out and they can let you know almost immediately if you are eligible for student loan consolidation.

        

  Benefits From Federal Repayment Assistance

• Qualify for income based Monthly Payments
• Save 60% or MORE on your monthly payment
• Free no obligation consultation and debt analysis
• Qualify for student loan forgiveness
• Benefit from government programs
• Multiple student loan consolidation solutions available
• Parent plus loans may qualify

Need Assistance To get benefits of this plan call Now 1-855-647-9494

There are several potential advantages to consolidating your student loans including:

1. Streamlining your bill payment process. With more than one student loan, you probably have to remember multiple due dates for your monthly repayments. With just one loan, you have only one repayment due date to remember and one check to write.

2. Extending your repayment term. If you are having difficulty repaying your loans or you anticipate a change in your income or expenses, you may want to consolidate so that you can lengthen the amount of time you have to repay your loans. However, extending the repayment  term, or life of the loan, comes at a cost since you will be paying interest on the new loan for a longer period of time. (Follow these five steps to manage debt without cutting up your credit cards in Define Your personal  Debt Loan.

3. Lowering your interest rate. If you have one or more private student loans and have improved your credit score since obtaining your loan you may be able to qualify for a consolidated loan with a lower interest rate . 

4. Switching from a variable to fixed-rate loan. If you have private student loans at differing Variable  rates  of interest, you may be able to consolidate and get one new loan with a fixed rate of interest. (Learn more in Which is better,a fixed or variable rate Loan ?)

5. Lowering the monthly payment amount. Lengthening the term of your loan means that you will be paying less each month.

6. Getting into an alternate repayment plan. Your life circumstances may have changed since you first took on your student loan and the repayment plan you have - for example, the typical 10-year standard repayment plan for most federal loans - may not best fit your current financial situation. Consolidation offers a way to select among other repayment plans such as the following federal consolidation loan repayment options:

• Get 70% to 80% rebate on your existing loan.

• Manage your monthly payment according to your income and loan.

• Graduated repayment allows you to begin payments at a lower monthly amount and then gradually increases that repayment amount each two years.

• Income-contingent repayment plans determine your monthly repayment amount based on your income and total outstanding debt and then periodically change that amount as your income changes.

• Income-sensitive repayment plans calculate your monthly payment amount as a percentage of your pretax monthly income. (Find out why good intentions can put consumers in an even bigger hole than before in Digging Out Of Personal Debt.)

7. Getting borrower benefits. Lenders will often offer loan holders certain benefits for being a good borrower. If your lender does not provide any benefits, you may want to consider consolidating your loans with a lender who does. Types of benefits can include discounts on interest rates for automatic payments made from your bank account and/or paying on time.

                         Call us 1-855-647-9494

                               

For help navigating the student loan consolidation process