They understand that the

Apply. The first step in consolidating your loans is to apply for a consolidation using our free, no-obligation application request. When you apply, you'll have the choice of receiving an application and information packet via eSignature or postal mail. Your packet will contain a consolidation application, as well as information about your discounts, and details on how your interest rate is computed.

Sign and mail. Once you have reviewed the promissory note, and understand the terms, you will sign it and return it to us – either by eSignature online, or by sending the paper application back in our pre-paid envelope.

Pre-processing check. Upon receiving your signed application, your loan counselor will check the application for errors. They also check to make sure it complies with all federal guidelines set forth for federal loan consolidation. This ensures that your application is completed quickly and accurately.

Processing begins: After your application is submitted for processing, the “loan retrieval” begins. They contact your lenders for the exact amount you owe; this information is sent to us on a loan verification certificate, or LVC. This process can take up to 60 days depending on the response time from your lender(s). Once we have valid LVC’s from your lender(s), they will send them a check for the balance of your

Post processing: Once the check is sent to your lender(s), your loans have officially been consolidated. You will receive a new statement from us detailing when your first payment is due, and when each payment is due thereafter. Your previous lenders can take a week or two to close out your accounts, so do not be alarmed if you get a statement from us, and a statement from your old lender. This is normal.

Finalized: Your first billing statement from them will include the automatic checking account withdrawal enrollment form. It will also include information on any other discounts you are eligible for. Your consolidation will now appear on your credit report. Your previous Stafford loans are paid in full. This is why consolidation is a smart idea for your credit rating - it shows that you have successfully paid off all your existing Stafford loans, which reduces the number of loans you owe, and shows you successfully paid off a series of debts, both of which increase your credit score.

Are you ready to request your free consolidation application packet and get the process going? Click here!

Apply For Stafford Loan Consolidation
Call: 877-328-1565