Student Loans Consolidation

After graduation, consolidation loans can help ease the burden of repayment by bundling all your student loans into a single loan with one lender and one repayment plan. Both students and parents are eligible to consolidate student loans. The Student Loan Consolidation Program enables anyone with more than $10,000 in outstanding Federal student loans (including PLUS loans) to reduce monthly student loan repayments and lock in at the lowest interest rates in recent history.

There are several types of loans available to students. The simplest categorization is into federal student loans and private loans. Federally funded loans are administered initially through the US Department of Education's Federal Student Aid programs, and are usually the easiest to get student loan consolidation services for. These federal programs disburse about $60 billion a year in loans, work-study support and grants. Stafford loans are the most common form of federal loans for students, but there are a variety of other federal payment plans - among them military / ROTC plans to pay for college.

BCR can help you ease your burden and help you find the right program. For a more complete discussion of this topic, sign up and fill the application. One of our counselors will contact you to review your case.