Do you have private student loans in addition to your federal student loans? Guess what? Consolidation is not just for federal loans.

Private student loan consolidation can significantly lower your monthly payments by as much as 45% the first year and provide you the convenience of one monthly loan payment. In addition, consolidating your private student loans is a practical alternative to using home equity or credit cards to pay off student loan debt.

Why choose a OneSimpleLoan Private Loan Consolidation from Educated Borrower?
If you are burdened with high monthly payments or trying to keep track of various payment schedules, a Private Loan Consolidation through OneSimpleLoan can provide you a way out of this dilemma.

In addition, private student loans offer payment deferment benefits that most conventional loans don't. With a private student loan, repayment can begin after graduation or when enrollment becomes less than half time. Our Student Loan Consultants can assist you in choosing the right solution with a private loan consolidation.

It's simple to apply for a private loan consolidation - and there's no application fee!
Call our toll-free number at 1-877-663-7467 to speak with a Certified Student Loan Consultant or fill out the simple private loan consolidation application form today. (Click for helpful consolidation application information.)

Lower Monthly Payments Helps you manage your loan obligations for easier repayment, and helps free up cash to purchase the things you want, such as paying for expenses associated with starting a career Borrow what you need Loan amounts from $7,500 to $300,000 Flexible Repayment Options Interest only payments available for the first 24 months of repayment; repayments terms up to 30 years. No prepayment penalties Low Introductory Interest Rate Benefit from a low first-year introductory interest rate equal to 1-Month LIBOR (London Interbank Offered Rate) plus 1.00% to 1.75%. On the first anniversary of disbursement, the interest rate converts to a quarterly variable 1-Month LIBOR plus a margin ranging from 5.00% to 5.75% depending upon your credit history or the credit of your co-signer, if you have one. Our first year low introductory interest rate combined with our interest only payment option can lower your monthly payment amount by as much as 45% in the first year! No Application Fees or Out-Of-Pocket Expense - the origination fee is rolled into the loan There are no application fees to apply for your private loan consolidation. And, depending on your credit or the credit of your co-signer, a loan origination fee ranging from 0% to 9.50% may be be charged and will be rolled into the loan so you will not have any out-of-pocket expenses. Applying with a credit-worthy co-signer may provide you the added benefit of lower origination fees as well as a lower interest rate. Simplicity of One Monthly Payment Allows you the convenience of one monthly payment for your private student loans, which means less paperwork and help prompt on-time repayments. It also enables a more streamlined reconciliation of your bank statement or gathering your paperwork at tax time. Possible Tax Benefits Interest may be tax-deductible. Consult your tax advisor for details.

Get ready to apply
You will need to have the following information available for you and your co-signer (recommended for the best interest rate and lowest origination fee):

Name, address, and contact information

Social Security number

Income and employment information

Monthly housing expense

Name, address and phone number of a personal reference

For each private loan to be consolidated:
       Loan holder (lender) or servicer name and address
       Account number
       Estimated payoff amount

Requested loan amount

	Tips for Qualifying for Private Loan Consolidation
		Most borrowers can benefit by applying with a credit-worthy cosigner (like your parents or grandparents) since this will increase the probability of approval and can even get you a better rate.
		A co-signer release benefit is available if you make 48 on-time payments and the borrower can meet the credit requirements on their own at the time of the request to release the co-signer.
		You must be the age of majority at the time of application
		You must be a U.S. citizen or permanent resident. International students may apply with an eligible U.S. cosigner.