Private Graduate Loan Consolidation Rates

Low Interest Rates for Creditworthy Applicants

A private graduate loan consolidation allows creditworthy borrowers (or borrowers with a creditworthy cosigner) to combine multiple private loans into one, with a lengthened repayment term. This results in lower, more affordable monthly payments.

Origination fees range between 1% and 5% depending upon your individual credit or the credit of a co-signer. Fees are due at loan closing and are capitalized (added to the loan), which increases the amount borrowed but avoids any out-of-pocket expenses at loan closing.

Benefits of Private Graduate Loan Consolidation:

• Lower Monthly Payments: Most borrowers can reduce their monthly payment by extending the repayment term of their private student loan debt.
• Conditional pre-approval decision within minutes online or by phone.
• Reduced Interest Rates: Borrowers with improved credit may often lower their interest rate. Existing loan holders will not reduce your interest rate if your credit has improved.
• Rate Reductions: Borrowers may apply on their own or with a credit-worthy co-signer. Borrower and Co-signers with superior credit will receive lower APR loans.
• Internship/Residency & Military Deferment: A 48 month deferment for medical/dental residents and a 36 month deferment for all active-duty military personnel is available through the Graduate Leverage Private Consolidation Loan Program.
• Up to 30 Year Repayment Term: Borrowers may receive up to a 30 year repayment term which offers the lowest possible monthly payment.
• No Prepayment Penalties: All payments in excess of scheduled payments go directly to principal.

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