Types of Consolidation Service
EdFed offers Loan Consolidation services both for Federal and Private loans. As the consolidation of these loans cannot be combined, the service is offered for both the loans separately.
Benefits of EdFed Loan Consolidation Service
Benefits flowing from such consolidations are innumerable.
Federal Loan Consolidation benefits:
- No credit checks required
- No processing fee levied
- Single loan, hence one liability
- Flexible repayment schedule
- Lower interest rates
- Option to lock in loans at a fixed interest rate.
- Monthly liability reduction up to 50%
- Maximum repayment term of 30 years
- Complete secrecy maintained
- Immediate qualification by government approved agents.
Private Loan Consolidation benefits:
- Low but variable interest rate
- Repayment terms are flexible and simple
- One payment, one lender
- Lower monthly payments
- Reduction in interest rates for consecutive payments and auto debit options.
- Excellent customer service.
- Same consultant guides you throughout the educational loan and consolidation phase.
- No prepayment penalties.
What makes EdFed Consolidation Service the best?
The company specializes in educational lending. Provides financial guidance and support to students is availing loans for financing their educational expenses. Apartment from professionally handling the loan process, it offers many money saving benefits. It is one of the leading student loan consolidator in the US.
- Fixed interest rates as low as 5.375%.
- No credit checks and fees.
- Offers more than seven varieties of repayment plans.
- Provides forbearance and deferment benefits.
- Allows prepayment of loans at no extra cost.
- Modifies several monthly payments into one single payment.
- Offers dedicated services to helping students get rid of their loan management responsibility.
- Extends repayment period in order to offer lower monthly payments depending on the financial condition of the borrower.
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