Consolidating federal loans sallie mae

09-Sep-2019 21:29

The controlled lower interest rates mean lower monthly payments and students are often eligible for extensions or deferments on repayment periods.

Another added benefit of low interest student loans is the subsidized nature of many federal student loan programs.

The Stafford is a low interest Federal loan that is designed to help students with little to no credit afford college.

The Stafford loan is intended as a supplement to the students own financial resources, scholarships and/or grant money.

Luckily, student loans often offer special terms and provisions that make them a more affordable and manageable commitment for young college-bound students.

Most student loans offer lower interest rates, deferred payment options and a repayment grace period following graduation.

A loan of any kind is a serious financial undertaking, and the informed student is in a much better position to find the most beneficial loan package available.

This is where the terms can get a little confusing.We’ll walk you through some of the key considerations as you decide whether refinancing or consolidating is right for you (there are even situations where you might want to do a mix of both).We can also help connect you with lenders who participate in refinance and consolidation programs that offer the terms and benefits you may be looking for, and get the process started for both federal and private student loans.Any loan is a serious commitment, and should not be entered into lightly.Having said that, student loans are often necessary to make it possible for a young person to fulfill their college dreams.

This is where the terms can get a little confusing.We’ll walk you through some of the key considerations as you decide whether refinancing or consolidating is right for you (there are even situations where you might want to do a mix of both).We can also help connect you with lenders who participate in refinance and consolidation programs that offer the terms and benefits you may be looking for, and get the process started for both federal and private student loans.Any loan is a serious commitment, and should not be entered into lightly.Having said that, student loans are often necessary to make it possible for a young person to fulfill their college dreams.The Direct Consolidation Loan program is for federal student loans only.