Federal Consolidation Loans
Reduce your monthly payments and combine your bills with a Federal Consolidation Loan from ZoneLoans.
Consolidating your eligible education loans is a great way to manage your debt. With a fixed-rate Consolidation Loan, you can lock in a low rate throughout repayment and combine your bills into one, convenient monthly payment. Depending on your specific loans, you may be able to cut your monthly payments by up to 45%!
Getting started is simple too! Just fill out the short request form below and wait for the loan offers to come in. It’s fast, it’s simple, and it’s painless! Now is the right time, and ZoneLoans.com is the right place to get the right loan for you!!
Help us find out if you are eligible.
| Do you owe more than $7,500 in federal student loans? |
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Only federal student loans can be combined into a Federal Consolidation Loan. Some
of the federal student loans eligible (in most cases)for consolidation are:
• Stafford Loans
• PLUS Loans (for parents and graduate students)
•
Perkins Loans
• Federal Nursing Student Loans (NSLs)
• Health Professions
Student Loans (HPSLs)
• Consolidation Loans
Student loans from older federal loan programs may also be eligible. If you are
not sure if your student loans can be consolidated, please contact one of College
Loan Corporation's (CLC) personal loan consultants.
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| Do you have at least one unconsolidated student loan? |
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As long as you have at least one federal student loan that has not been consolidated, CLC may be able to assist you with a new Federal Consolidation Loan. The program allows you to combine new, unconsolidated federal student loans with any federal student loans that have already been consolidated.
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| Are you out of school or leaving school in the next 6 months? |
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Student borrowers are "out of school" if they are no longer attending school full time or are in grace, deferment or forbearance. Parent borrowers are "out of school" when their final loan disbursement has been made.
You can start the consolidation process up to 6 months before you plan to leave school. Your personal loan consultant can advise you of the best options for your unique situation.
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| Are you in default or more than 60 days late on a student loan? |
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A borrower goes into default when student loan payments are more than 270 days overdue.
Student loans that are in default are not eligible for federal consolidation with
CLC. If you are unable to make payments on your student loans, you should consider
deferment or forbearance before your loans go into default. The consequences of
default can be severe, so it is important to work with your current lender to find
out how to bring your loans up to date.
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