Private Loan Consolidation Features
The introductory rates on privately guaranteed loans are at their lowest levels in the history of the private loan consolidation program. Private student loan consolidation rates are currently ranging from as low as 6.32% to 7.07% in the first year, with a corresponding APR ranging from 9.88% to 11.02%. Both parents and students are eligible for a Private Student Loan Consolidation.
After graduation, consolidation loans can help ease the complications of repayment by bundling all your private student loans into a single private consolidation loan with one lender and one repayment plan. Having just one easy-to-manage private consolidation loan can save you time and hassle and can even reduce your monthly payment.
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