Student loan consolidation programs can be offered by any lender, so you can handle these needs locally if you wish. But you do get a benefit from going with bigger, national companies simply because they handle so many loan consolidations and can often offer better deals for you. Getting better rates is one of the prime reasons for looking into loan consolidation in the first place, so why not choose a company that’s almost guaranteed to give you a better rate than many other consolidators. These are some top companies online.
The Best Student Loan Consolidation Programs
#1: Student Lending Works
This company is recommended by Kiplinger and offers student loan consolidation programs that can help lower your principle and your interest rate. You can lower your interest rate up to 1% and lower your principle up to 3.33%.
#2: T.H.E.
Another Kiplinger recommendation, this company offers a 0.75% interest rate reduction which can be most useful when you already have fixed rate loans that you want to consolidate.
#3: NextStudent.com
This company at NextStudent.com offers both private and federal loan consolidation, as long as you haven’t previously consolidating any of the loans. This company can offer a very low rate, and can lower your payment by as much as 60% which can be a huge help if you’re struggling to keep up with your current payments. By combing the loans here you can benefit from a low rate and one payment that’s lower than your current payments combined.
#4: Loan Approval Direct
This company is based online and easy to contact and find out more information about it. They have student loan consolidation programs that can give you interest rates as low as 3% and help you save over half of what you currently pay each month, up to 60% less in fact. You don’t have to have collateral to get consolidation on loans up to $125,000. You can find more information at loanapprovaldirect.com.
#5: DebtConsolidation.com
This company is the umbrella company of studentloanconsolidation.com so they make student loan consolidation a huge part of their business, and can offer you great rates and smaller monthly payments.
You should carefully consider any programs you look into and read the fine print to make sure there are will be no surprises down the road. And make sure you’re actually getting a lower locked in-rate. With all the student loan consolidation programs available today you’re sure to find one that meets your needs.