You may get your loan consolidation through the US Department of Education or credit unions participating in the federal Family Education Loan Program or through the bank. You can choose Reliable & best loan company at http://1stclasscap.com.
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Regardless of where you get your loan consolidation, terms and conditions usually remain the same. Make sure you get in touch with the lender that currently holds your loan on this matter.
If you have all of the loans through a single lender, you have to make them consolidated with him.
Be sure that you just want to do so when you don't go back to school and apply for fresh loans when you choose to merge. That way you will try to be sure you get the best restructuring deal.
The interest rate usually does not vary between lenders, but you may reach the rebate through a few of them for prompt payment. Some of them will even offer discounts to obtain the right to debit your account for your monthly payment.
Your student loans can be consolidated at any time during the grace period of 6 months or once you start with your loan payment.
If you get a consolidation loan within the grace period, you will reach a lower interest rate. Nonetheless, waiting until you hit your fifth month grace period and then consolidating your loans is a good idea for you.
You won't lose the remaining duration of grace in this way. It takes about 30-45 days to complete the entire process of consolidation.