A private consolidation loan from Student Loan Consolidator can cut your monthly loan payments nearly in half by combining all your private student debt into one easy to manage loan.
* Lower your monthly payment amount as much as 45% in the first year*
* A 0.25% interest rate reduction for automatic checking account withdrawal
* No application fees, No prepayment penalties
* Conditional pre-approval decision within minutes online or by phone
Get The Lowest Rate Possible - Apply With A Co-Signer
Applying with a qualified co-signer can greatly increase your chances for approval. A co-signer with great credit could help you get a better interest rate. And with our co-signer release program, you can remove the co-signer after 48 on-time payments
How Much Can You Save Each Month?
If you consolidate your private student loans right now, you could save hundreds of dollars each month. Here's a quick chart showing how much you could save on your monthly payments:
Loan Amount Assumed Current Payment* Year 1 Monthly Payment Monthly Savings Annual Savings
$30,000.00 $289.11 $158.22 $130.89 $1,570.68
$50,000.00 $482.85 $263.69 $218.16 $2,617.92
$75,000.00 $722.77 $395.54 $327.23 $3,926.76
$100,000.00 $963.70 $527.38 $436.32 $5,235.84
*Assumes underlying loans are accruing interest at 1-month's LIBOR (5.33%) plus an assumed margin of 4.65% for a coupon rate of 9.98% for a 20 year term
Other Benefits of Private Student Loan Consolidation:
* Co-signer release after 48 on-time payments
* Fast and convenient online loan application
* Interest-only payments available for the first 24 months of repayment
* Interest payments may be tax deductible (consult your tax advisor)
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