Since the internest rates fell July 1, there will be a lot of people looking to take advantage of the LOW student loan consolidation rates. How can you make it as easy as possible? Use this chart as a guide:
If you want to see the new student loan consolidation rates, visit our page titled Student Loan Consolidation Rates Fall in July
Now that you have the new rates, here is what you need to know to make your student loan consolidation as easy as possible:
1. Your FAFSA pin number (4 digits long)
2. Details about your loan (amount owed, when the loan was issued and any other loan details)
3. Know ahead of time what loans you want to consolidate
4. Decide what repayment plan you want to do (extended, graduate, income-based, standard, income-contingent)
Remember, you can’t take advantage of low student loan consolidation rates as long as you go to school at least half-time. Once you fall below half time, you can qualify for these great student loan consolidation rates.