If you're still in your grace period or actively repaying your student debt, there are plenty of reasons to take advantage of our Federal Consolidation Loan from Academic Financial Solutions. It all begins with the added financial flexibility you'll enjoy by lowering your monthly payments. But we can offer you even more than that:

• Lower payments means added cash each month for other expenses
• Just one convenient monthly payment covers all of your student debt, rather than several individual payments
• Extended repayment terms enhance your financial flexibility
• Low interest rates save you money
• A lower debt-to-income ratio with your lower monthly payment - possibly improving your ability to finance a new car or home.
• Learn more about your credit score
• No prepayment penalties so you can pay off your debt whenever the opportunity arises and save on interest payments
• Professional, knowledgeable financial specialists who go the extra mile to get you the information you need, when you need it
• Our industry leading E-Signature process allows you to complete the application in minutes
  

You can initiate the consolidation process while you are in school, but because of recent regulation changes by the Department of Education, you can not consolidate your Federal Student Loans until after you leave school. We recommend that you contact us 6 months prior to graduation, (or when you know you will be leaving school) to start the consolidation process. Once you leave school, you will be eligible for an additional .60% interest rate if you consolidate within your 180 day Grace Period.

For more information please contact us or
call Toll Free at 1-866-523-1474.

Yes. You have 180 days after your AFS Consolidation Loan Program's funding date to add additional eligible loans to your consolidation loan. To add a loan, contact your new loan servicer.

Yes. The processing of your new loan takes approximately three to four weeks. You should continue to make all of your regular scheduled payments on the loans that you have selected to consolidate until you receive your new Loan Consolidation Disclosure Statement and Repayment Schedule from your new servicer. If you fail to make payments, your loans may be treated as delinquent or in default, resulting in possible money penalties.

It costs you nothing, no service charge or origination fees of any kind, to set up your loan. Plus, there is no credit check.

The interest rate on your loan is set according to Federal law. It is determined by taking the weighted average interest rate of the loans selected for consolidation and rounding up to the nearest 0.125% (1/8%) or 8.25%, whichever rate is less. Your interest rate will not exceed 8.25% and it is fixed for the entire repayment term. To get an estimate of your consolidation loan interest rate, click here to learn more.

You are required to begin repayment on your Federal Consolidation Loan Program within 30 days of its funding date, unless you are currently enrolled in school. Once your loan has been funded, you will receive a Loan Consolidation Disclosure Statement and Repayment Schedule from the servicer of your new loan.

You have the flexibility to shorten your overall loan term and decrease your interest costs by increasing your monthly payments. When you do this, that extra money you send in each month is applied directly toward the principal balance of your new fixed interest rate loan, thereby allowing you to save on interest costs and pay off your loan faster.

No. You can repay your consolidation loan early without a penalty or fee.

After your last day of class, you are given a 6-month Grace Period in which you are not required to begin paying off your student loans. Academic Financial Solutions offers you a 0.60% interest rate reduction for the life of your student loan payments if you consolidate your loans before your 6-month Grace Period has expired. This Grace-Period reduction will save you thousands of dollars in interest payments over the of your loan(s), but you have to initiate the consolidation process before your grace period expires.

For more information regarding your Grace Period, please contact us toll free at 866-523-1474.

An In-Grace Consolidation can take up to 2 months to complete depending on the type of loans you currently have. It is important to start the In-Grace Consolidation as soon as you are done with your final class. By starting the process after your last day of class, it will enable you to take full advantage of your Grace Period benefits and still receive the lower grace rate when you do finally Consolidate. AFS will hold your application until the last day of your Grace Period before funding.