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Student Loan Consolidation Research Paper

655 Words3 Pages

What is Student Loan Consolidation? Student Loan Consolidation is combining one or more of your federal educational loans into one new loan. It designed to reduce your monthly payment, lengthening the lending time, obtain flexible repayment plan options. Under the federal program, all consolidated public loans are considered fully paid by the new loan.
How Do You Qualify for Student Loan Consolidation?
In order to qualify for a Student Loan Consolidation, you must criteria the following criteria:.
• You must be finished your education and now are in your six-month grace period following graduation.
• Borrowers must have at least one Direct Loan or Federal Family Loan that is either in repayment, grace, or default status. Note: If you previous …show more content…

What is the Interest Rates? Federal loans have fixed interest rate for the life of the loan. The fixed rate is based on the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of 1%. However, the rate will not exceed 8.25%.
Please add this to the Student Loan Consolidation page. Please make sure all grammar is correct and if not please change it, so it will follow properly. Under the consolidation information.
Xceed Educational Group Student Loan Consolidation Process:
Evaluating your Options: First, Xceed Educational Group will provide clients with their Student Loan financial portfolio. Client’s student loan repayment options are determined by many different factors, such as amount of money borrow, family size, and your income. When consolidating your student loans, it can save you money and Xceed Educational Group will find a payment plan that fits your budget. Xceed Educational Group will explain all options and give you our best recommendation for moving forward. We will also give you a hand in your student loan login and PIN, as this is important in having up-to-date loan information, which is part of the

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