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    : if you have more than $20,000 in federal student loans, 1.0% off after your first 36 on time payments.

    Ok let’s start with a scenario, of $25,000 in federal Stafford loans and your rate before 1 July

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    When getting loans you should always understand what you’re getting yourself into before you sign up. So here are 4 important facts you should know about consolidating student loans.

    Fact 1: Same Interest Rates For Everyone At The Start
    All federal student loan consolidation rates must start with the same rates that are suggested by Congress every year. Student loan consolidation companies are required to give everyone the same federal rates

    Fact 2: You Save Money On The Benefits
    If it’s your first time consolidating your loan then the real savings are in the benefits and discounts of signing up.

    Standard benefit: 0.25% off your rate for using automatic checking account withdrawal.
    Standard benefit: 0.6% off your repayment rate if you consolidate in your grace period.
    Extra benefit: if you have more than $20,000 in federal student loans, 1.0% off after your first 36 on time payments.

    Ok let’s start with a scenario, of $25,000 in federal Stafford loans and your rate before 1 July

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    st Rates For Everyone At The Start
    All federal student loan consolidation rates must start with the same rates that are suggested by Congress every year. Student loan consolidation companies are required to give everyone the same federal rates

    Fact 2: You Save Money On The Benefits
    If it’s your first time consolidating your loan then the real savings are in the benefits and discounts of signing up.

    Standard benefit: 0.25% off your rate for using automatic checking account withdrawal.
    Standard benefit: 0.6% off your repayment rate if you consolidate in your grace period.
    Extra benefit: if you have more than $20,000 in federal student loans, 1.0% off after your first 36 on time payments.

    Ok let’s start with a scenario, of $25,000 in federal Stafford loans and your rate before 1 July

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    to give everyone the same federal rates

    Fact 2: You Save Money On The Benefits
    If it’s your first time consolidating your loan then the real savings are in the benefits and discounts of signing up.

    Standard benefit: 0.25% off your rate for using automatic checking account withdrawal.
    Standard benefit: 0.6% off your repayment rate if you consolidate in your grace period.
    Extra benefit: if you have more than $20,000 in federal student loans, 1.0% off after your first 36 on time payments.

    Ok let’s start with a scenario, of $25,000 in federal Stafford loans and your rate before 1 July

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    .

    Standard benefit: 0.25% off your rate for using automatic checking account withdrawal.
    Standard benefit: 0.6% off your repayment rate if you consolidate in your grace period.
    Extra benefit: if you have more than $20,000 in federal student loans, 1.0% off after your first 36 on time payments.

    Ok let’s start with a scenario, of $25,000 in federal Stafford loans and your rate before 1 July

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    : if you have more than $20,000 in federal student loans, 1.0% off after your first 36 on time payments.

    Ok let’s start with a scenario, of $25,000 in federal Stafford loans and your rate before 1 July 2006 is at 3.37%. If you’re still in your grace period (6 months before your payments start only for graduates) you’re rate will decrease to 2.875%.

    Automatic checking account withdrawal will reduce is further to 2.625% and after your 36th on time payments your rates will drop a further 1.0% to a new low of 1.625%. This is how the benefits of student loan consolidation really works and it really saves you a lot of money.

    Fact 3: Read The Fine Print Before You Sign Anything!
    Some loan companies will give you a list of borrower’s benefits for signing up with them. For example if you make 24 on time payments you’ll get 1% off which is great but in the fine print it’s only available for loans above $50,000. Statistically, only 17% of all graduates will have a loan debt this high so it’s not advised to sign u

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