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If you are tired of huge monthly repayments of loans you need to look at consolidation as a serious option. If you are a student or a graduate, or your loan is from the federal government or a private lender, consolidation through EdFed can save you tons of dollars over the life of the loans.
Through Consolidation you can:
Make one small monthly payment to one lender for all your student loans,
Choose between several flexible repayment options,
Lock in your loans at a lower interest rate &
Reap generous borrower benefits that save you several years' worth of payments.
If yours is a normal situation, this is what happens with your loans; over standard repayment periods, $100,000 loans can double itself because of fees and interest. Consolidating your student loans can prevent this from happening. If you consider averages, our customers are able to save anywhere between $500 and $1000 each month in loan payments and about $57,000 and $75,000 in interest for the lifetime of their loans.
If you think you have exhausted all your options we advice speak to an EdFed financial advisor before filing for bankruptcy. We provide you a free assessment of your current financial situation. Call us at (800) 503-1146, or click here for more contact information.
IMPORTANT NOTE:
If you have federal student loans, time is running out for you to consolidate. After June 2006, interest rates will rise drastically and some types of consolidation will disappear completely. Please contact us as soon as possible to discuss your student loan status. A loan specialist will advise you free of charge and without obligation in about five minutes.
Ready to start an application? Click here to go to our Registration Form. Finding out if you qualify is fast and free!
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