your institution’s student loan department.
While some lenders ask for a 3 or more percent origination fee to be paid on Federal Student Loans on consolidating them others could give you a discount of up to 50%. Should you go for a totally free student debt consolidation loan?
Apart from the Stafford and PLUS education loans, no one should actually be charged any fee for wanting to consolidate his or her student loan. Free Student Loan Debt Consolidation service is attainable via your institution’s student loan department. While some lenders ask for a 3 or more percent origination fee to be paid on Federal Student Loans on consolidating them others could give you a discount of up to 50%. Should you go for a totally free student debt consolidation loan?
Yes. Yes, because you stand to save more as you will not be paying any handling or origination fee on your student loan debt consolidation. But you will need to shop around, comparing "apples to apples" to be sure that a free debt consolidation student loan does not at the end of the day put you out of pocket via exorbitant interest rates to offset the "freebies".
Student Assistance Foundation
guarantees to give you the lowest interest rates, saving you up to 60% on your monthly repayments, as well as providing a totally free student loan debt consolidation services for you.
Why not compare their rates with that of your institution’s student loans department and see if you are truly getting a good deal.
If you are a lender and can guarantee giving students free debt consolidation services (without any catches please), contact us with your company’s details so that we can bring your services to the attention of our teaming student audience.
