STUDENT LOAN CONSOLIDATION FAQs



Student loan consolidation faq: The fixed interest rate for a federal student loan consolidation is determined by taking the weighted average of the interest rates of the original student loan, rounded up to the nearest 1/8 percent.    “Consolidating Federal Stafford Loans before July 1, 2006 is so important to students graduating in May 2006 and graduate and professional students who are still in school,” said Paula Kohles, Associate Director of Financial Aid at Creighton University. Student loan consolidation faq: “The interest savings over the life of the loan has the potential to save students thousands of dollars.

The financial impact of consolidating loans now is critical for students with high debt loads. Students graduating in May 2006 are receiving a lifetime bonus.” To learn if student loan consolidation is right for you, please contact a Nelnet Consolidation Advisor via e-mail or Web chat at www.nelnet.net/save or call toll-free 24 hours a day, seven days a week at 1.866.4CONSOL (426.6765).

### Student loan consolidation faq: Nelnet is one of the leading education finance companies in the United States and is focused on providing quality products and services to students and schools nationwide. Nelnet ranks among the nation's leaders in terms of total net student loan assets with $21.3 billion as of March 31, 2006. Headquartered in Lincoln, Nebraska, Nelnet originates, consolidates, securitizes, holds, and services student loans, principally loans originated under the Federal Family Education Loan Program of the U.S. Department of Education." Additional information is available at http://www.nelnet.net   for those considering student loan consolidation.

TEXT TEXT TEXT

Student Consolidation Loan Faqs