Loan consolidation is the channel through which you can bring all your loans under one single policy and reduce the monthly payments by increasing the duration of the loan. Consolidation has loads of benefits, some being: - Lower rate of interest
- Locking in loans at a lower interest rate
- Lower monthly payments
- Worrying about just one loan instead of many
- Longer repayment schedule
Bear in mind that we are talking specifically about student loans. There is consolidation available from other type of loans too, but at EdFed we deal with only your student loans.
