Drastically Reduce Your Student Loan Payments as much as 60%
No Fees, Charges, or Prepayment Penalties
No Credit Checks or Co-Signers Required
Federal Consolidation Loan is an outstanding debt-management tool. It can help you repay your federal education loans at a low, fixed interest rate with flexible repayment terms. Consolidation can lower your monthly payments by up to 60 percent.

Consolidation allows for significantly reduced monthly payments since the repayment period may be extended to as much as 30 years depending on the total loan balance. Lower payments leave you with more money to allocate towards other household expenses including car payments, childcare, and other necessities. While extending the repayment period increases total interest payments (smaller payments are made over a longer period of time), there are no prepayment penalties for accelerating repayment.

Education loans can vary in terms of interest rates, repayment periods, and borrowing limits. Keeping track of multiple loans with multiple lenders can be difficult. Consolidation simplifies loan repayment by turning multiple loans with different interest rates into a single loan with a fixed interest rate.

Our Federal Student Consolidation Loan goes even further by offering an additional 0.25 percent (1/4%) interest-rate reduction for automatic checking withdrawal. By doing this you will receive an immediate 0.25 percent (1/4%) reduction in your interest rate. In most cases you can choose the day of the month the payment is deducted from your account.

Am I eligible for a Federal Consolidation Loan with NextStudent?
You are eligible if you're currently repaying federal education loans or are in your loan grace period, have at least $10,500 in federal education loans, and are not currently in default on the loans.

To Quality:
1) Do you have more than $15,000 in federal student loan debt?
Must be Yes.

2) Do you make more than one monthly payment for the loans mentioned above?
Must be Yes.

3) Are you currently in out of school or will you be leaving within the next six months?
Must be Yes.

4) Are you in default on all of you student loans?
Must be No.

It's not just college students who qualify for consolidation, parents who have taken out Federal PLUS loans qualify for consolidation also.

Over 60 different student loans from 25 top lenders – find the one for you easily,

 and apply online to save time.