As a college student, you are constantly dishing out thousands of dollars towards various expenses, including tuition, books, fees, housing, food, cell phone bills, utilities, insurance and car payments. The list could go on forever. And, if you are like many students in America, part of your education is probably funded through private student loans.



There has never been a better time to consolidate your private student loans. Though the cost of schooling can cost thousands, EdFed is here to help you save thousands! This is because EdFed offers competitively, low interest rates and fees with our private student loan consolidations. Also, when you consolidate your private student loans through EdFed, you can save almost 50% off of your monthly bill!

Further Reduce Your Interest Rate

To save even more off of our already low interest rates, you can qualify to receive our borrower benefits. When you sign up to pay with our automated debit program you will receive an immediate 0.25% reduction off of your interest rate.

Three Flexible Repayment Options

When you consolidate your private student loans with EdFed, we offer you three repayment options to choose from, enabling you to choose the one that best meets your financial needs. Your interest rate stays the same, no matter which option you choose, and you have the freedom to change your repayment option at any time, should your situation change. Your payment options include:

* Equal Payments

This is the most common repayment option. In an equal payment repayment plan, both the interest and principal of the consolidation loan will be paid equally for the life of the loan. Your monthly payment will stay constant for the entire repayment period.

* Select 2/ Graduated Payments

The Select 2 repayment option enables you to make interest-only payments for the first two years of repayment. After two years, the payments will increase to include equal installments of both the interest and principal for the remaining term of the loan.

* Select 5/ Graduated Payments

The Select 5 payment option enables you to make interest-only payments for the first two years of repayment. During the third through fifth years of the loan, the payments will increase to include only a portion of the principal with the interest. When you enter the sixth year of your loan repayment, your payments will once again increase, this time to include both the principal and interest equally throughout the remainder of the loan.

EdFed Sets the Bar on Customer Service

EdFed's customer service is second to none. When you call EdFed, an eager loan counselor will give you accurate, honest answers to all of your questions. We pride ourselves in our ability to provide the best support and service in the industry for you and your consolidation needs. Also, when you consolidate your private loans with us, we will assign a specific loan specialist to your consolidation. This will enable you to speak to the same specialist each time you call. This specialist will be familiar with you and your loan, so calling in will be more like talking to an old friend, rather than a stranger.

Easy Application Process

Applying for a consolidation loan through EdFed is a short and simple process. When you call to apply, one of our professional advocates will ask you a few simple questions and help you start your private consolidation application. It is that simple. We know how important your time is to you, so starting an application with us takes less than ten minutes.

Save Thousands!

When you consolidate through EdFed, you have the ability to save thousands of dollars to help you take the first step to financial freedom. From our low, reduced interest rates to our flexible repayment options, supported by the best customer service in the industry, EdFed is here for you.