You may also be able to receive a lower interest rate and/or lower payment.

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When you consolidate all of your student loans with us, you'll make a single monthly payment.

A PLUS loan made to the parent of a dependent student cannot be transferred to the student through consolidation.

Consolidating loans through a standard repayment plan offers student loan holders a fixed monthly payment (monthly payments may go as low as $50) over a fixed period of time (10 to 30 years), determined by how much you owe.

There are also plans that offer graduated repayment schedules, extended repayment and fixed monthly payment options, as well as flexible plans such as pay-as-you-earn programs and income-contingent repayment plans for low-income loan holders.

The electronic application on Student consists of the following five steps: 1.

As a member benefit, the ADA exclusively endorses Laurel Road, a division of Darien Rowayton Bank, student loan consolidation/refinancing program providing unmatched opportunities for ADA members to refinance existing federal and private undergraduate and graduate school loans at a 0.25% lower rate than Laurel Road's already low rates.

Loan consolidation can help you lower your monthly payments, may help you defer or save you from defaulting on your loan, and may give you more time to repay (as much as 30 years).

Federally guaranteed education loans are managed through the U. Department of Education and their Direct Loan program.

Student loan consolidation is a great way to improve your credit score and lower your monthly payments.

However, it is very important to look at the terms of your new consolidated loan to make sure that you are really getting a good deal.

Direct Loans are consolidated into Direct Consolidation Loans.