The Student Loan Consolidation

With In 5 Minutes You Can Qualify For Student Loan Consolidation.

Looking for a student loan Consolidation?

The student loans are used by over one million students each year. Why? Well, the rising cost of higher education has made it difficult for students and families to afford college. Scholarships, grants, and federal student loans are all great ways to help meet your cost of attendance, but often these are not enough.

Many students are left with a sizable gap between their financial aid awards and the cost of attendance at college. Private student loan packages were created to help students fill that gap. You can boost your odds of getting approved for a private student loan by applying to lenders whose requirements you meet. Connecting with the best lender for you can help you get the college funding you need with fewer headaches.

At thestudentloans.us , we work to add transparency to the private student loan market and help our users find the best lenders. Also, we strive to educate our users on responsible borrowing during college and responsible repayment after college. We put together this guide to help you navigate the confusing private student loan market. You will be an expert, ready to responsibly use private student loans to fund your education in no time.

More Benefits That You'll Need

When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a rduced interest rate or an extended repayment term.

Keep in mind that extending your repayment term may increase the amount of interest you pay over the life of the loan.


Student loan counseling


Comprehensive

review of your financial situation, including current income, living expenses, all debt and your long-term goals.

Customized

game plan that doesn’t undermine your personal short- and long-term goals by just directing you to a plan with the lowest current payment.

 Complete

assessment that looks beyond income-based programs and consolidation to see if other avenues for retiring your debt might be available and make more sense for you.

Don't Just Take Our Word For It

 

I am a grad school graduate, loans were not an issue until the economy collapsed and my job situation and income changed drastically for the worse. I was referred to TheStudentsLoans.us I was treated with the utmost respect and felt totally at ease as I was reassured they would help me. My loans were brought from delinquent to current, my payment was reduced. Thanks to TheStudentsLoans.us!

John Doe 

 
 

After several unsuccessful attempts with the collection agency who had garnished my wages. I decided to reach out toTheStudentsLoans.us!. I came across their name on the internet and was very pleased with the reviews. My 1st phone call with Robyn was a delight. She listened tentatively to my situation and offered solutions. Thanks to her and the service provided I'm now able to continue on the clear path to recovery.

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Student Loan Consolidation FAQ

 

What is a student loan consolidation?

 Student loan consolidation allows borrowers the ability to consolidate and refinance one or multiple loans into one loan at a potentially lower interest rate. It is offered by private lenders, including banks or other private institutions, to qualified borrowers with student loan debt. As mentioned, student loan consolidation, or student loan refinancing, allows you to combine student loans together, and you will also receive a new interest rate, hence the term refinancing.

What is the difference between consolidating and refinancing?

“Consolidating” is the process of combining multiple loans into a single loan and monthly payment. “Refinancing” is the process of reducing the interest rate of an existing loan. Borrowers can both consolidate and refinance through private student loan consolidation. Although, there are some borrowers who stand to gain from applying with only one private student loan because they are simply interested in refinancing. Likewise, there are borrowers who are interested in applying with multiple loans even if their interest rate does not change because they are interested in consolidating.

Can I consolidate and refinance both my federal loans and private loans with one new consolidated loan?

Yes! In most cases borrowers can consolidate federal and private student loans with reputable lenders.

How do I know if I have federal or private loans?

We recommended that you check your last statement, the statement will specify which loans are federal and which are private. You can always call your lender and they would be more than happy to help.

How much will I save with a student loan consolidation?

Your potential savings depends on a few variables including your current interest rate, outstanding loan debt, your repayment term, and your credit history. Check out our student loan consolidation calculator tool for a rough estimate of savings.

What is a cosigner?

A cosigner is a parent, grandparent, guardian or other adult who is creditworthy and willing to assume legal responsibility for the loan liabilities along with you. The cosigner must be a U.S. citizen or Permanent Resident.

Are cosigners always required by lenders?

No. But a creditworthy cosigner increases the likelihood of your loan approval and may lead to a lower loan rate. Many banks that offer student loan consolidation also offer cosigner release after a certain number of on-time payments.

Will the cosigner’s credit record be affected?

In a cosigned loan both the borrower and the cosigner are jointly liable for making all loan payments. The new consolidated student debt will appear on the credit reports of the borrower and the cosigners.

Is the cosigner responsible for repaying the loan?

If the borrower fails to repay the loan, then the cosigner is responsible for repaying the loan. In some circumstances the cosigner is eligible for release in the repayment period.

How much can I borrow? What will the lender allow for?

Every lender has different limits, but the majority of our favorite lenders have limits well over $100,000.

Will both the borrower and cosigner’s credit be checked?

Yes. As part of the underwriting process every lender will pull the credit report for both the borrower and cosigner.

What documentation is required for me to complete the application?

In General:

  • Proof of Identity
  • Proof of Graduation
  • Proof of Income
  • Payoff Information

What proof of graduation do I need to provide?

Lenders will generally require borrowers to verify their graduation date through documentation, such as a school transcript, copy of the degree, diploma or certificate, written or verbal school verification, or through an electronic method.

If you have any questions that weren't answered in the questions above check out our resources section for more great information.

Why choose us?

Gain access to over Many years of experience helping borrowers like you get answers to all of their debt-related concerns, including student debt solutions.

Answers

We are experts on the ins and outs of student borrowing and repayment and on how to minimize its impact on your overall financial health. We work with you every step along the way until your issues are resolved.

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You always know where you stand and who to call with questions about your student loans and any other financial issues that arise over time.

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