6 Tips For Student Loan Consolidation

Make sure there are no strings attached

By consolidating your student loans, you can obtain valuable money saving benefits and can lower monthly payments.  Make sure you understand what is being offered including any “strings attached” conditions.  Fundamental consolidation loans can save you money and are easy to understand – they’re as simple as can be.

Opt for additional discounts when offered

When it comes to finding the best consolidation loan the first question to ask yourself is what matters most to you. Some lenders - including Fundamental - do offer interest rate discounts on private loan consolidation and if saving money is your top priority these discounts are an effective way to do it. Even if discounts are not your top priority - some borrowers do prefer getting the lowest possible payment instead - it is always worth asking about what is being offered.

At Fundamental we always recommend that borrowers - if it is at all possible - take advantage of offered benefits as they will allow you to save the most money over the life of your loan.

Make sure you only sign a fully completed application

Whether providing an online E-signature or a written signature on a paper application, make sure that you review the complete application (including all the detailed information regarding your loans) before signing.

Fundamental understands that many of your loan details can be confusing or hard to understand, which is why we make the extra effort to help prepare them for you.  Look for a lender that will help you review and understand your complete application before you sign and not one who encourages you to sign an incomplete application, promising that they will fill in the details later.

Don't pay any application fees

You shouldn't have to - if you wish to consolidate your federal student loans. In fact, federal student loan consolidation does not have any origination fees either.

Fundamental also offers no origination fee private consolidation loans for qualified borrowers.

Keep it simple

Consolidating your student loans should be simple. There is no need to spend hours filling out form after form. The right lender for you is one like Fundamental who will answer your questions, provide you with an estimate of your new monthly payment promptly and help you complete your application quickly – all online with a simple and secure E-signature.

Ensure that privacy and security are enforced

Your personal information is private. Make sure your lender feels the same way. You want a lender who will share your personal information only on a “need to know” basis and only with parties necessary to obtain your loan (such as the loan servicer and your original lenders). You also want a lender who uses the latest SSL encryption and other security processes and technologies.  You can trust Fundamental to keep your personal information private.

Get Started Consolidating Your Student Loans Today!