What are the advantages of consolidating my loans?
One lender, one loan and one payment you no longer have to keep track of multiple loans or lenders. Lower monthly payments a consolidation extends your repayment term based on your total outstanding balance, which will decrease your monthly payment by as much as 50% One fixed interest rate the rate is fixed for the life of the loan and cannot exceed 8.25%. The interest rate is a weighted average based on the current interest rate(s) of your loan(s) rounded up to the nearest 1/8th of a percentage. Choice of repayment plans you have the option to choose from several different repayment plans. For more information on loan repayment, please visit the repayment links from Student Aid on the Web at: http://www.studentaid.ed.
