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Tired of paying huge sums of money as loan payments??? Whether you're still in school or you've graduated, and whether your student loans are from the federal government or a private lender, consolidation with EdFed will come as the money saver you have been looking for.
Consolidation allows you:
To make one reasonably monthly payment to one lender for all your student loans
To choose between several flexible repayment options
To lock in your loans at a lower interest rate
Along with all these, you also get to enjoy borrower benefits and save yourself from years of payment ahead.
This is what happens normally, over standard repayment periods, a $100,000 loan can easily add up to more than $200,000 in payments, double the principle amount, because of fees and interest. Consolidating saves you hundreds of dollars per month and thousands over time. If we go by averages, our customers are able to save anywhere between $500 to $1000 each month in loan payments and about $57,000 to $75,000 in interest over the life of the loan.
If you feel burdened by the loan payments and all doors seem to be closing, consolidation could prove to be that ray of light. You can speak to an EdFed financial advisor now and receive a free assessment of your current financial situation. Call us at 800.821.5659, or click here for more contact information.
IMPORTANT NOTE:
If you have federal student loans, now is a critical time for you to consider consolidating. After June 2006, interest rates will rise and certain 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 absolutely free and it doesn’t take any time!
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