Student Loan Consolidation*
Cut your student loan payments!
Combine your eligible federal student loans into one easy-to-manage student loan with just one monthly payment, and you could substantially lower your monthly payment with NextStudent’s Federal Student Loan Consolidation Program.
- Fixed interest rates
- No credit checks
- No application fees
- No prepayment penalties
- Fast and easy online application with e-signature
Simplify your life.
The thought of repaying thousands of dollars of student loan debt can be overwhelming, especially when you have multiple student loans with several different lenders or servicers.
Make repayment easy for yourself. Consolidating your student loans lets you combine all your eligible federal college loans into one single student loan.
One monthly bill. One monthly payment. Simple.
What’s a student loan consolidation loan?
Federal Consolidation Loans are federally guaranteed student loans that allow qualifying borrowers to combine their eligible federal student loans into a single fixed-rate loan.
By consolidating your student loans, you could get up to 20 more years to repay, and you could substantially lower your monthly student loan payments.
On October 1, 2007, legislation went into effect that cut $21 billion in subsidies to FFELP lenders like NextStudent. We have been searching, and continue to search, for avenues that would allow us to keep offering FFELP loans. But at this point, until market and regulatory conditions change, we find ourselves forced to suspend our federal education loan programs.
We value your business, and we want to make sure you’re able to get the money you need to pay for school. We encourage you to take advantage of college scholarships and your available federal financing options. But if you’re still in need of a parent or student loan, please give us a call, and we’ll do what we can to help.
