Student Assistance Foundation

So you need to go to the 'student loan plan consolidation' shop for some guidance, do you? What kind of questions do you need answered? Primarily ‘student loan services consolidation’ (now I’m doing it!) works well to reduce your monthly repayments and to focus them onto one company.

This makes it a lot simpler than worrying about having loans with several companies because slip-ups occur and often this isn’t good news for the borrower. You might change your address or ISP and then miss out on a vital date or detail for example, defaulting upon payment or missing out on a bonus interest reduction.

A consolidation loan with Student’s Choice is good for immediate 1.75% upfront principal reduction or 1% interest rate reduction upon making a number of consecutive payments that were paid on-time. This amount is currently for balances of at least $22,500. The number of on-time and consecutive payments that need to be made is currently 35.

Balances that are between $12,500 and $22,499 will get a principal reduction of 0.50%. Once these reduction benefits have been made they cannot be taken away from you. Should you choose to automate the payment processing you will receive an annual 0.25% rate reduction.

The consolidation department can be called on 800.852.2761, ext 9750.
Other loans are available such as Stafford, Plus, Graduate Plus and Alternative Loan programs.

* "On-time is defined as no more than 15 days delinquent with payment at any time in the qualification period. Payment counter will restart after any deferments or forbearances during qualification period."

Source: Student Assistance Foundation
www.safservices.org
800.504.7324