Why should you have any confusion at all when it comes to your finances take a look at a few of the options there are for you.
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Do you have at least $15,000 in student loan debt?
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Private or Federal Consolidation Loan?

Many of our visitors looking for the best student loan debt consolidation rates often are confused on the difference between private and federal student loan consolidation. We'll explain the difference here to help you decide which is right for you.

Best Student Loan Debt Consolidation: Private Student Loans

If you have private student loans, it means that your loans were not backed by the government. In other words, your loans were sponsored and issued entirely by a private lender. These loans do not qualify for federal best student loan debt consolidation. We partner with services that can offer competitive private best student loan debt consolidation if you have such loans. Basically, any loans that do not qualify for federal student loan consolidation can still be consolidated with a private student loan. Here are some of the benefits many of our lenders can offer with private student loan consolidation:

  • Apply electronically with most lenders with electronic signature technology
  • Some offer option to release co-signer after you make so many on time payments
  • Low introductory rates with most lenders
  • Cut your first year monthly payments by up to 40% with some lenders
  • No prepayment penalties in most cases
  • No collateral required with most lenders
Easing the burden of student loan repayment is just one click away.

Best Student Loan Debt Consolidation: Federal Student Loans

If you have federal student loans, you can apply for federal student loan consolidation with one of our lending partners. Federal student loan consolidation is a free, government-sponsored program that is only available to those with federal student loans. By law, lenders cannot charge any application fees or other charges with these loans. Your best student loan debt consolidation rate for this type of loan will be calculated by taking the weighted average of the interest rates of your existing loans and rounding this number to the nearest 1/8th of a percent. Federal law states that this rate cannot exceed 8.25%. Here are just a few of the loans that qualify for federal best student loan debt consolidation:

  • Perkins Loans
  • Stafford Loans
  • PLUS Loans and Grad PLUS Loans
  • Supplemental Loans for Students

If you have any questions, please visit our "Frequently Asked Questions" page.

Make student loan repayment easier with a consolidation loan. Learn about getting the best student loan debt consolidation quotes here.