Federal Student Loan Consolidation

Did you recently graduate college? Do you have multiple loans with multiple lenders? Has your deferment or forbearance option expired? Are you finding it difficult to keep up with your monthly payments? If you said yes to any of these questions, a federal consolidation loan may be the answer you have been looking for a student loan consolidation allows borrowers to combine one or more of their federal education loans into a new consolidated student loan that offers many benefits:

No Credit Verification.
Applicants who seek to consolidate their federal student loans are not required to go through a credit check or credit verification; therefore, regardless of your credit score you may be eligible for a Student Loan Consolidation.

No Income Verification.
Applicants who seek to consolidate their loans through a Standard Loan Repayment plan may not be required to verify their income. However, for other programs such as Income Contingent Repayment Plans (ICR) and Income Based Repayment Plans (IBR) are subject to income verification. Graduates with no income or low income can still qualify for a student loan consolidation.

Combine Your Loans into One Consolidated Payment.
Subject to the Department of Education guidelines you may be eligible to consolidate all your federal student loans into one payment.

Student Debt Forgiveness Plans.
Subject to your job type you may be eligible for student loan forgiveness. To find out of you are eligible for student loan forgiveness click here. Student Debt Plan is not responsible or in control of any changes in such determinations made by the US Department of Education, lenders or financial institution.

Income Based Repayment Plans (IBR), payments as low as $0 a month.
Graduates with federal student loans and a low monthly income an Income Based Repayment Plan (IBR). The program may allow graduates with federal student loans to have as low as a $0 monthly payment if they qualify. Qualifications are subject to total loan amount, monthly income and family dependents. Unpaid interest may be deferred.

Pay As You Earn Repayment Plan (PAYE)
Monthly Payment’s as low as 10% of you discretionary income. Caps payments for Federal Direct Student Loans at 10% of discretionary income for eligible the borrowers.

Up to a 90 Day Deferment on Federal Loans While Processing Consolidation.
Deferment period is assessed by lenders and financial institutions, and may vary from applicant on a case by case basis.

Tailored Student Loan Consolidation Programs.
Based on your current federal loan type, job type, income and household size, your consolidated payment may be tailored to fit your financial means.

Federal Student Loan Consolidation Rates Starting at 3.4%.
The rate is subject to a Direct Subsidized loan consolidation and is not applicable to other current loan types. Consolidated rates vary depending on your current loan types.

Reduce your Student Loan Payments!
Most consumers that complete a consolidation may be able to reduce their current monthly payment. In most cases this is done by a rate reduction and term extension.

Minimum or Maximum Student Loan Amounts!
There is no minimum amount required to qualify for a Direct Consolidation Loan or Student Loan Consolidation program.

Student Debt Plan’s objective is to help graduates with student loans by providing them with a platform where they obtain student loans consolidation services from a network of lenders and financial institutions. Through our access of lenders and financial institutions with experience in student loan consolidation, and which are willing to help individuals seeking assistance with their student loans, we will try to find a solution tailored to your student loan needs.