Monday, October 20, 2008

Private Loan Consolidation

Private Graduate Loan Consolidation

A Private Consolidation Loan from GradLoans.com is a great way to significantly lower your monthly loan payments by combining all your private graduate loans into one manageable loan.

  • Lower Monthly Payments: Most borrowers can reduce their monthly payment by extending the repayment term of their private student loan debt
  • Conditional pre-approval decision within minutes online or by phone

Get The Lowest Rate Possible - Apply With A Co-Signer

Applying with a qualified co-signer can greatly increase your chances for approval. A co-signer with great credit could help you get a better interest rate.

Here's a quick chart showing how much you could save on your monthly payments:

Loan Amount Assumed Current Payment* Initial Monthly Payment** Monthly Savings Annual Savings
$30,000.00 $269.00 $180.13 $88.87 $1,066.44
$50,000.00 $448.33 $300.21 $148.12 $1,777.44
$75,000.00 $672.49 $450.32 $222.17 $2,666.04
$100,000.00 $896.65 $600.42 $296.23 $3,554.76
*Assuming a 15 year loan term, with an original rate of 6.8%
**Assuming extended term of 30 years at same rate of 6.8%
***Interest rate and the resulting monthly payment(s) contingent upon borrower and/or co-signer credit

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