The Federal Student Loan Consolidation Program offers numerous benefits including locked-in interest rates that may save borrowers thousands of dollars and may cut monthly payments by up to 60 percent.

NextStudent, the Phoenix-based premier education funding company, takes those incentives one step further by offering students a .6 percent discount if they consolidate their student loans during the six month grace period after graduation.

More Student Loan Consolidation Benefits from NextStudent

The interest rates for federal consolidation loans are set by the federal government, so the only true difference that individual companies can offer on their student loans are their incentive or discount packages. NextStudent offers substantial discounts both in the form of the .6 percent “New Grad” discount and additional incentive packages.

Borrowers have the option of choosing from three benefits packages. These packages include the:

Standard Locked Package - offers a .25 percent discount when the borrower opts to pay via Auto-Debit and a 1 percent LOCKED RATE reduction after 36 consecutive on-time payments

2 % Package - offers a .25 percent discount when the borrower opts to pay via Auto-Debit and 2 percent rate reduction after 36 consecutive on-time payments (not locked); and

Google Package - offers a .25 percent discount when borrower opts to pay via Auto-Debit, .375 percent discount after six months of on-time payments and the 1 percent discount after 36 consecutive on-time payments (not locked).

Qualifying for Federal Student Loan Consolidation

There are numerous advantages to student loan consolidation with NextStudent, regardless of which incentive package a borrower chooses.

Qualification is simple with NextStudent’s “4-step easy e-app.”

There are no credit checks, fees, or co-signers required. However, borrowers must have a total student loan balance of at least $10,500. In as little as 5 minutes applicants can qualify for student loan consolidation over the phone, and get their questions answered by a personally assigned Education Finance Advisor. If you already have debt, ask them about consolidation loan refinance for students.

Students and parents can save significantly when they consolidate their student loans with NextStudent and take advantage of up to a 30 year repayment term, incentive packages and .6 percent “New Grad” discount. This is one of the best consolidation interest loan rates for students.

NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about student loans at www.nextstudent.com.

For more information on college loan cosolidation and best consolidation loan rate for students.

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