Your journey begins with understanding the financial aid process.
Access in-depth information about the FAFSA submission process, different sources of financial aid and what you can do to prepare for student loan repayment.
Check Federal Student Aid for the consolidation loan types and options available to you.
You will have a lot of important financial decisions to make after getting a job, one of which will be paying down your student loan debt.
If you took out multiple student loans in undergraduate or graduate school, they may all have different balances and interest rates.
Managing multiple due dates and lenders can seem complicated; however, many graduates consolidate and refinance their student loans in order to simplify monthly payments and potentially qualify for better rates.
The interest rate on a Consolidation Loan is fixed based upon a weighted average of the loans you submit for consolidation.
Using the weighted average on a fixed interest rate loan, with no new lower interest rate loans to include, the weighted average used to determine the interest rate would be exactly the same.
We specialize in assisting severely delinquent student loan borrowers, to help them understand the consequences of default and the benefits of the Bright Futures Financial is committed to delivering informed student loan services based on a superior industry knowledge, a real understanding of the issues that affect both our clients, and a genuine enthusiasm for what we do.
A Direct Consolidation Loan allows you to consolidate (combine) multiple federal student loans into one loan.
Refinancing loans through consolidation establishes a new loan with new terms and conditions for the combined balance of your original loans.