After the fiscal credit crisis , banks have more stringent rules regarding offering loans and, for many, it is no longer advantageous to offer student loans.
Thus, when we look at the Best Student Loan Consolidation Companies, our options are far fewer than they would be just one or two years ago. For example, companies such as SallieMae have temporarily suspended their federal consolidation programs due to severe legislative cuts.
The credit crisis, however, does not prevent students from seeking the best college loan consolidation.
Former students are often saddled with debt from their academic years. Even worse, they are subject to many different lenders making it strategical and financially difficult to repay all of them in a short time frame.
These challenges can be overcome with a consolidation program. While in the past you had many competitors vying for the best student loan consolidation rates, today there are few.
The Best Student Loan Consolidation Companies are ones that have your interests at heart. These are often government initiated and backed programs that do not have all the bells and whistles of fancy bank plans. What they do have though is integrity. These government backed companies allow you to pay off your loan at a fixed rate over a longer amount of time (up to 30 years) while simplifying the re-payment process.
So, what are the best student loan consolidation rates ?
