How To Apply For An Education Consolidation Loan
In order to apply for an education consolidation loan, you’ll need to present an accurate record of your existing student loans. You can find the information you need at the website of the National Student Clearinghouse, at www.nslc.org. You can apply for an education loan consolidation at any credit union or bank which belongs to the Federal Education Loan Program, or FELP. The US Department of Education is another great source of information.

If only one lender has been responsible for issuing each of your student loans, you will be required to arrange an education loan consolidation from that lender. And there are warning signs that someone offering you an education loan consolidation may not be legitimate. Avoid any lender who asks for up-front fees or tells you they want you to submit to a credit check. No education loan consolidation lender who is on the up-and-up will require either of those.

Requirements For Applying For An Education Consolidation Loan
Requests for the consolidation of federal student loans are almost always accepted. They can be done even if the applicant is still in school, or changing status from full-time to part-time student. Education loan consolidation done while you remains a student or within six months following your graduation will generally have more favorable interest rates than those you delay beyond that period.

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