Federal student loan consolidation is one of several programs that have been put into place for students with past due student loans. For many, managing and paying off student debt is a major financial strain due to other financial committments such as living expenses, housing payments, car payments and other mandatory purchases. Freedom Loan Resolution will help review your financial situation and see if federal student loan consolidation is the right choice for you.
In federal student loan consolidation, all of your student loans, which may have different payments to different banks and other financial institutions are organized into one new loan with one new payment that is of an amount that you can actually afford. Moreover, with only one bill due each month for your student loans, many students are better able to manage their student debt.
