Student Loan Consolidation FAQs

What is the interest rate on student loan consolidation?

That varies between the various lenders, the amount of debt you owe, your current employment situation and, of course, your credit score. Be sure to compare rates from several lenders before settling on one.

Is there any fee for using this site?

No, there is no fee, and your credit will not be affected by using the simple form on this site.

How many lenders can I find through this site

This site can connect you with dozens of lenders across the country who may be interested in offering you a consolidation loan to help ease the burden of your student debt.

How long does it take to get a student loan?

That varies between lenders as well, but also depends largely on your willingness to work with haste, giving the lender all of the credit and income information they will request from you, in a timely manner. Some consolidation loans can be approved in as little as a week.

Is this a payday loan?

No, it is not. A payday loan is a short-term loan that is usually offered for a flat-fee, not based on interest, and which must be repaid within a month or so.

How long will I have to repay my student loan consolidation?

The term for repayment varies and is negotiable. In most cases, you will have up to 10 years to make payments.

Can I put other debts into my student loan consolidation?

Yes, under most circumstances a lender will offer you the opportunity of rolling extra debt, such as from credit cards or other loans, in with your student loan consolidation.