 |
|
|
|
|
|
 |
|
|
|
| Private Student Loan Consolidation with EdFed |
|
All of your hard work and dedication is finally paying off! You are getting ready to graduate this spring! At Student Loan Foundation, we want to congratulate you on all of your effort! We also want to inform you of a great option that can benefit you with your private student loans and that is a private student loan consolidation with EdFed.
You see, now that your schooling is almost complete, it is about time to begin repaying your student loan debt. If you are like many students and have multiple student loans, trying to remember when to make all of your payments and to which lenders can be stressful. Also, with interest accruing on all of your loans, chances are that you will be paying a lot more money than you had planned.
But when you consolidate your outstanding private student loans, the result is just one, easy-to-manage loan. With that loan you will only need to make one, low monthly payment to just one lender! Also, by consolidating your private loans with EdFed, you can actually lower your monthly payment by almost half, in addition to saving thousands of dollars over the life of your loan!
The Benefits of an EdFed Private Loan Consolidation
By consolidating your private loans with EdFed, you will be able to take advantage of their competitively-low, interest rates and fees.
They also offer several flexible repayment options that allow you to choose whether you want to make lower, interest-only payments or pay on both the interest and principal.
Your Payment Options include:
-
Equal Payments
This is the standard option in which both the interest and principal will be paid equally over the life of the loan. Your monthly payment amounts will not change over the life of the loan.
-
Select 2/ Graduated Payments
With this option, you will be allowed to make interest-only payments for the first two years of repayment. After 2 years, the payments will increase to include equal installments of both the interest and principal for the remaining term of the loan.
-
Select 5/Graduated Payments
This option allows you to make interest-only payments for the first 2 years of repayment. During the third through fifth years of the loan, the payments will increase to include only a portion of the principal with the interest. Upon the sixth year, your payments will once again increase to include both the principal and interest equally throughout the remainder of the loan.
EdFed private loan consolidations have no prepayment penalties, so you may choose to repay the loan as early as you choose. EdFed also offers an extended 30 year repayment term, which will help you to keep your monthly payment as low as possible.
To help their borrowers save even more, EdFed also offers appealing borrower benefits that allow borrowers to receive an immediate 0.25% interest rate reduction when you enroll in their automated debit payment program.
Time is Money!
EdFed realizes that you have more pressing issues to tend to than applying to consolidate your student loans, and that is why they make their private loan consolidation process quick and simple! By calling 800-821-5659, one of EdFed's trained loan specialists will help you complete your application within just minutes! There is no need to wait any longer to save thousands of dollars! With just a short phone call, their dedicated agents will be able to determine your eligibility for a private loan consolidation. After a quick credit check, their loan specialists will also be able to tell you your interest rate, your consolidation loan limit, the amount of your origination fee, as well as information on money-saving borrower benefits.
EdFed - Helping Students Manage Student Loan Debt
As an industry leader, EdFed is committed to helping students and graduates achieve their financial goals through managing their student loan debt.
For more information on EdFed's private and federal student loan consolidation, click here or visit www.EdFed.com.
|
|
|
Shoot for the moon. Even if you miss it, you will land among the stars.