School Loan Consolidation - Federal Loans
Due to legislative changes affecting federal student loans and turmoil in the financial markets,
ScholarPoint has suspended its Federal Consolidation Loan program.
Please contact your financial aid office or current lender to apply for a consolidation loan.
Combine your existing federal student loans into one new loan online in just 10 minutes with a student loan consolidation from ScholarPoint.
Top Reasons to Consolidate:
- Lower Monthly Payments up to 53%
- Secure a fixed interest rate as low as 6.625%
- Defer payments up to 3 years
Why Should I Consolidate My Student Loans?
Since federal student loans are just about the lowest interest loans you'll ever have,
it makes sense to secure a low fixed rate and payment for the remaining loan term,
especially if you're repaying other debt at higher interest rates.
We believe we have developed the best online platform out there to help you accomplish
this yourself without any pushy sales people calling you.
Thousands of graduates and parents have already chosen ScholarPoint for our combination
of convenience, service and savings.
Benefits of a Federal Student Loan Consolidation
It's not just about lower payments in the short term; here's a complete list of benefits for consolidating college loans with ScholarPoint.
- Lower Monthly Payments up to 53%
- Secure a fixed interest rate as low as 6.625%
- Defer payments up to 3 years
- Cut your interest rate another .6% by consolidating during your grace period*
- Reduce your monthly bill-paying paperwork
- Flexible repayment plans
- Pay no penalty for early repayment
- No credit check, no co-signers needed and no fees
Ready to Get Started?
You can apply anytime after you finish school or once your loans go into a grace or repayment period.
Use our application to enter your loan information and quickly access your new consolidation interest rate and repayment plan options.
If you like what you see, you can e-sign your application. It's that easy.
Information You'll Need for the Application
- Personal information - Date of birth, address, phone, driver's license and email.
- Reference information - Names, addresses, and phone numbers of two references.
- Current Loan information** - Loan type, loan holder, approximate rate and balance.
* Grace discount applies to loans taken out prior to July 1, 2006.
**Please call us for help identifying your current loan information.