How It Works

We'll tell you everything you need to know about low interest debt consolidation for students here. Learn what it is, who qualifies, and how the process works.

Low Interest Debt Consolidation for Students Explained

Low interest debt consolidation for students involves taking out a new loan, usually with a lower interest rate, to pay off your existing student loans. You then make one monthly payment to your consolidation lender each month on the loan. Low interest debt consolidation for students comes in two different forms - federal consolidation loans and private consolidation loans. Our lenders can offer low interest consolidation loans to both private and federal loan holders. With both programs, your loan will be issued by a private lender to whom you will then make regular payments.

Qualifying for Low Interest Debt Consolidation for Students

Qualifications for low interest debt consolidation for students will vary by lender. In general, though, our lenders tend to require the following:

• No longer enrolled in school more than half time
• Never previously consolidated loans
• Loans must be in a grace or repayment period

Signing Up for Low Interest Debt Consolidation for Students

You can sign up for low interest debt consolidation for students in a few simple steps:

1. Fill out our short, online form. We will first need to get some basic contact information from you so we can connect you with a lender. Take a few minutes to complete our free, online sign-up form.
2. We connect you with a lender. Once we receive your information, we will put you in touch with a lender that offers low interest debt consolidation for students. You can get a quote from your lender and ask any questions you may have.
3. You can apply for a consolidation loan with the lender. If the lender makes you an acceptable offer, you can then apply for a consolidation loan with that lender on their website. Most of our lenders have completely electronic application processes.
4. Your loans are consolidated. Your lender will then write a check to pay off your existing student loans, and you will begin making payments to your lender each month.