Stafford Loan Consolidation Overview
What is Stafford Loan consolidation?
Stafford Loan consolidation is a fixed-rate refinancing program that combines all of your existing federal Stafford Loans into one new loan. A StaffordLoan.com consolidation is a great tool for managing your finances - providing immediate payment relief and long term benefits.
How much can Stafford Loan consolidation save you each month?
Quite a bit actually, consolidation can lower your current student loan payment up to 53%. To get an idea of how much you can save, try our Stafford Loan consolidation savings calculator!
Have questions about the consolidation process? Not sure if you qualify for Stafford Loan consolidation? Call toll-free (877) 328-1565 and speak with one of our consolidation loan counselors. Or learn about how consolidation works in this step by step tutorial!
Or you can simply get started right away - Apply now for a free information packet.
Benefits of Stafford Loan Consolidation:
- Reduce your monthly payment up to 53% and beat inflation
- Reduce your interest rate 0.6% by consolidating during your grace period
- Make one loan payment per month
- Improve your credit rating
- Find a repayment plan that fits your financial situation
- No credit checks, fees, or application charges
Requirements to Consolidate your Stafford Loans:
- Minimum amount of $20,000 in federal student loans
- Loans must not be in default
- Must be graduated or enrolled less than half time
Stafford Loan consolidation can significantly reduce your monthly payment burden. Consolidation allows you to stretch your repayment period from the standard 10 years to up to 30 years, depending on the amount of your education debts. The lower payment means you'll have more money available to meet other household expenses, including car payments, childcare, and career-related necessities. Because there are no penalties for extra or early repayment, you can make larger payments when it becomes affordable. Apply Now!
- Have questions about federal Stafford Loan consolidation?
- Already consolidated your Stafford Loans? Find out more about Private Student Loan Consolidation.
