Private Education Loan Consolidation
Some Private Education Loan Consolidation programs lower your monthly payment by lengthening the term of your loans, while receiving a low variable interest rate. You are eligible to consolidate your private education loans if you are at least 18 years old at the time of application, have a minimum of $10,000 in US issued private education loans, are in repayment of private education loans at the time of application, etc. Some consolidation programs provide simple repayment terms and no prepayment penalties.