Consolidation Loan

Interest rates have dropped to historic lows. With this in mind, you may want to consider loan consolidation. Sometimes it is easier to repay several loans if you consolidate them into a single obligation and have only one payment to make each month.

Facts to take into account when considering consolidation:

The average consolidation loan takes 30-45 days to disburse.
The consolidation interest rate is calculated based on the weighted average of the loans to be consolidated, rounded upward to the next 1/8th of a percent, and remains a fixed rate for the life of the loan.
There is no penalty for prepayment on your consolidation loan.
Electronic signature is now available for the online application.

Loan Consolidation Application

You may call us toll-free to get more information about consolidation or to apply for a consolidation loan. We also offer the consolidation application online to provide convenience in taking control of your financial responsibilities. To apply:

Call us toll-free at 1-800-338-5000 to apply over the phone.
Complete an Online Application

Consolidation is also available for loans taken out separately by you and your spouse. For more information on spousal consolidation for Federal loan programs, please call Network Consolidation at 1-800-338-5000.