Private Consolidation Loan

Private Consolidation Loan

Lower monthly payments by as much as 45% the first year*

College graduates face the daunting task of meeting their monthly student loan obligations. The Educated Borrower Private Consolidation Loan meets this challenge by providing the opportunity for significantly lower monthly payments by combining all your private student loans into one easy-to-manage loan. Our first-year low introductory interest rate combined with our interest-only payment option can lower your monthly payment amount by as much as 45% in the first year*. Qualified private student loan borrowers, or borrowers with a qualified co-signer, may consolidate a minimum of $7,500 and a maximum of $300,000.

Eligibility

Eligibility is based in part on you and/or your co-signer’s good credit history. We recognize that you take your repayment responsibilities and good credit standing very seriously, and have designed a loan that will allow you to continue to meet these goals.

Low First year Introductory Interest Rate.

The Educated Borrower Private Consolidation Loan offers borrowers the benefit of a first year introductory interest rate equal to 1-Month LIBOR (London Interbank Offered Rate) plus 1.00% to 1.75%. On the first anniversary of disbursement, the interest rate converts to a quarterly variable 1-Month LIBOR plus a margin ranging from 5.00% to 5.75% depending upon your individual credit or the credit of your co-signer, if you have one.

Interest-only payments available to make your payments even lower.

To lower your monthly payments even further, The Educated Borrower Private Consolidation Loan offers you the option of making interest-only payments for the first 24 months of repayment. This can significantly reduce your monthly payments—as much as 45% in the first year—and free up cash for other expenses associated with starting a career and moving into the “real world”. But if you determine that our low introductory rate for the first 12 months allows you to meet your goals, you may elect to make full principal and interest payments.

A repayment term that makes sense.

The Educated Borrower Private Consolidation Loan offers repayment terms up to 30 years. Our generous loan terms are just another example of how we’ve designed our loan to ease the burden of repayment.

Never a pre-payment penalty.

Whichever repayment option you choose, rest assured that you can pre-pay the principal at any time without penalty.

Applying is simple. Apply Now!

College graduates with any existing, nationally-marketed, private student loan can be eligible for The Educated Borrower Private Consolidation Loan. There are no application fees or other out-of-pocket expenses to apply. Conditional credit pre-approval is available contingent on providing supporting documentation and meeting the required loan standards. Borrowers with credit issues may apply with a qualified co-signer.

Questions about The Educated Borrower Private Consolidation Loan?

Click here for answers.

*Please click here to see an example.

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Student Loan Consalidation Network One Stop Shop Financial Services
300S Duncan Ave, Suite 260 300S Duncan Ave, Suite 235
Clearwater,FL 33755 Clearwater,FL 33755
support@theslcn.com support@ossfs.com