MBA Loan Consolidation
Both federal student loan consolidation and private student loan consolidation offer the benefit of a significantly lower monthly payment and simplified finances. If you want to consolidate student loans, begin with your federal Stafford, and then consolidate your private loans. Private student loan consolidation is a separate program that allows you to refinance all non-federal, education related, debt.
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Federal Student Loan Consolidation |
Private Student Loan Consolidation |
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| Cut existing monthly payment in half |
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| No application fees |
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| No prepayment penalty |
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| Interest only (lower) payments available |
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| Simplified monthly finances |
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| Improved credit rating |
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| 0.6% discount during grace period |
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| Fixed interest rate |
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| .25% rate reduction for auto debit |
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| Origination fee rebate |
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Learn how consolidating your business school loans works in this step by step tutorial.
