"It may seem like a long process but if there is no reason for it to be turned down then you can expect a ten to twenty day turnaround time as long as all the relevant information requested is provided quickly."

So, Consolidation Seems Like the Way to Go


It might be, but although consolidation can simplify loan repayment and might lower your monthly payment, you should carefully consider whether you want to consolidate all your loans. For example, you might lose some discharge (cancellation) benefits if you include a Federal Perkins Loan in a FFEL Consolidation Loan or Direct Consolidation Loan. If thats the case, you might want to consolidate only your FFELs or only your Direct Loans and not your Federal Perkins Loan(s). Also, you wouldnt want to lose any borrower benefits offered under your existing nonconsolidated loans, such as interest rate discounts or principal rebates, which can significantly reduce the cost of repaying your loans.

You can have a longer period of time to repay your consolidation loan than you do for the individual student loans youre repaying, but this means youll also pay more interest over time. In fact, consolidation can double total interest expense. If you dont need monthly payment relief, you should compare the cost of repaying your unconsolidated loans against the cost of repaying a consolidation loan. To help you figure the costs, contact your lender or loan servicer.

Once made, consolidation loans cant be unmade because the loans that were consolidated have been paid off and no longer exist. So, take the time to study your consolidation options before you apply.

For more details on loan consolidation, contact your loan holder or servicer.

Home Loan Mortgage Refinance Mortgage

Students can apply for a student loan debt consolidation, saving money and time.

LOAN CONSOLIDATION
LOAN CONSOLIDATION *ATTENTION BORROWERS*: Federal loans consolidated on or after July 1, 2006 will have a fixed rate of 6.8%
Direct Consolidation Loans - Welcome!!!
The Direct Consolidation Loans Web Site-this U.S. Department of Education web site provides information to borrowers, schools, and loan holders. Borrowers can apply online for ...
Loan Consolidation
Loan Consolidation Consolidation loans are designed to make student loan repayment easier. They allow the borrower to combine existing eligible student loans into one ...

If the latter compares well, then by all means go for it; because by doing so you will save thousands of dollars over the repayment period of time.
 
Should I Apply For A Home Debt Consolidation Loan?

This does happen but very rarely and the normal window for all applications to be processed is anything between 10 and 30 days, if you require the money quickly then it is essential that you ask any companies how long the process takes before applying.

"As you can see, each kind of consolidation loan applies for different scenarios."