Student Loan Consolidation Program - Federal & Private

Federal student loans taken out on or after July 1, 2006 have an interest rate of 6.8%*. Federal student loans disbursed before July 1, 2006 will remain variable interest rate loans. These loans will re-adjust every July 1 based on the results of the 91-day Treasury Bill Auctions. Currently, interest rates for these loans are:

• Stafford Loans for students in grace: 6.62%

• Stafford Loans for graduates in repayment: 7.22%

• Parent PLUS Loans disbursed after July 1, 1998 but before July 1, 2006: 8.02%

• Parent PLUS Loans disbursed after July 1, 2006: 8.50%

• Consolidation Loan Rates: The weighted average of the existing rates on loans included in the consolidation

For recent college graduates, consolidation is an excellent repayment option. Federal student loan consolidation with eStudentLoanConsolidationProgram.com can reduce monthly student loan payments by as much as 53%, providing payment relief when it's needed the most.

 

How much can you save on your student loans?

If you were to review your options and consolidate your federal or private student loans, you could easily save hundreds of dollars each month. Take a minute to compare and save...

Loan Amount:	Currently Paying:	After Consolidation:	Monthly Savings:	Annual Savings:
$20,000	$228.32	$151.48	$76.84	$922.08
$40.000	$456.64	$275.10	$181.53	$2,178.42
$60,000	$684.96	$387.17	$297.79	$3,573.48
$80,000	$913.28	$516.22	$397.05	$4,764.64
$100,000	$1,141.59	$645.28	$496.32	$5,5955.80
Click Here to Consolidate Student Loans!

 

Savings shown on student loan consolidation program are based on the current Stafford Loan interest rate of 6.54%; borrowers in grace periods, with loans other than Stafford Loans (such as PLUS or Perkins loans), or with Stafford Loans older than July 1, 1998 will have different interest rates.