Even More Savings Can Be Yours

You can reduce your consolidated rate further
by putting in place the following:

1. see below: consolidate your student loans while in-grace
2. see below: sign-up for automated draft
3. see below: pay on-time, every time

You can lower your consolidate rate by 0.6%
if you consolidate your federal student loans before your grace period ends. Your in-grace consolidation rate will be:

6.625%

your potential estimated savings are now even greater (repayment example shown below).

For more information about the in-grace discount: click here

Consolidated Loans without the In-Grace Discount Loan Amount $15,000 $25,000 $40,000 $60,000 Your Current Estimated Monthly Payment $175 $292 $467 $701 Your Estimated Consolidated Monthly Payment $137 $198 $298 $409 Estimated Monthly Reduction $38 $94 $178 $292 Consolidated Loan with the In-Grace Discount Loan Amount $15,000 $25,000 $40,000 $60,000 Your Current Estimated Monthly Payment $175 $292 $467 $701 Your Estimated In-Grace Consolidated Monthly Payment $132 $188 $273 $384 Estimated In-Grace Monthly Reduction $44 $104 $194 $317 Estimate your reduction with your in-grace rate discount: SELECT $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 $95,000 $100,000 $110,000 $120,000 $130,000 $140,000 $150,000 $160,000 $170,000 $180,000 $190,000 $200,000 Total Loan Amt. Current Payment New Payment REDUCTION   download this monthly payment worksheet to run your own numbers: click here

Note: The chart is for example only. Your actual savings my differ. The numbers are estimated as follows:

Current Payment: uses a 7.14% interest rate under a standard 10 year repayment plan. This rate is for loans first disbursed between July 1, 1998 and June 30, 2006. Loans disbursed before this period have a slightly higher interest rate.

Consolidated Payment: calculated under the Federal Consolidation Program using an example of a 7.25% with extended repayment terms.

The In-Grace Consolidated Payment: calculated under the Federal Consolidation Program using the in-grace discount of 6.625% with extended repayment terms.

Note that extending the repayment period increases your total interest costs because you will be making smaller payments over a period of time. You can however prepay all or any portion of your outstanding balance without penalty reducing the total amount of interest paid over the life of the loan.

You can reduce your fixed rate even further
by having your monthly payments automatically deducted from your money account each month (offerer by most of our lenders).

Your fixed, in-grace consolidated rate will then be:

6.375%

Estimate your reduction with your in-grace rate and automatic payment discount: SELECT $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 $95,000 $100,000 $110,000 $120,000 $130,000 $140,000 $150,000 $160,000 $170,000 $180,000 $190,000 $200,000 Total Loan Amt. Current Payment New Payment REDUCTION   download this monthly payment worksheet to run your own numbers: click here

Other benefits with automated payments:

• no checks to write
• no payment deadlines to worry about
• payments made on time, every time
• will help you qualify for the -1.00% discount after consecutive, on-time payments: see below

For more information about the automatic payments: click here

Imagine reducing your rate up to an additional 1.00%
you can after making consecutive, on-time payments for a select period of time depending on your consolidated balance (offered by most of our lenders).

Your in-grace rate with automatic payments can drop to:

5.375%

and will remain at that level for the remaining term of your loan as long as you continue to make consecutive on-time payments.

For more information about the 1.00% reduction: click here

Get a customized repayment plan developed for you:

• no obligation
• get a true estimate of your savings
• no credit check or collateral required

Your consolidation professional will review your situation, collect your outstanding federal student loan debt, and assemble a repayment plan that works for you.

click to begin your online application