Are you a graduate that is heavily burdened with astronomically high interest rates on your private student loans? You may be pleased to learn that the cuGrad Private Student Loan Consolidation may be the perfect solution for your financing needs. To learn more about this unique program visit:
Variable rates that are ranging from 3-Month LIBOR + 4.40% – 6.90%*
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Simplify the Finances in your life
Consolidate all your private student loan payments into one easy and affordable monthly payment.
Competitive Rate and Significantly Lower Payments
You may potentially reduce your interest rate, extend your repayment term and lower your payments.
Cosigner Release Documents Available provided to creditworthy borrowers after submitting 12 consecutive timely payments of principal plus interest payments.
No Origination Fees whatsoever
Interest-Only System Repayment Option
You may select from a fully amortized 15 year term repayment or interest-only payments for the first four years.
ideal candidates that would be suitable for the cuGrad Private Student Loan Consolidation has:
Between $7,500 – $125,000 in undergraduate private student loan debt which is ($7,500 – $175,000 for graduate)
Need to have graduated from a cuGrad eligible school
all applicants for the program must have a stable gross monthly income of at least $2,000 per month. In a case where the applicant is not able to meet this income requirement, then their cosigner must have reliable gross monthly income of $2,000 per month
primary borrower and cosigner, if it is applicable, is required to be a permanent resident or a U.S. citizen.
It may be of interest that applying for the loan consolidation with a cosigner is strongly recommended in order to qualify for substantially lower rates!
In order for you to better understand your potential savings and whether or not consolidation is right for you by using our loan consolidation calculator. The calculator uses your remaining loan balance and existing monthly payments to determine the impact of a consolidation loan on your monthly finances.
The cuGrad Private Student Loan Consolidation is available to borrowers who are carrying private student loan debt only. Federal student loans are not eligible.
It should be of interest that the procedure of consolidating Federal student loans is different. If you are seeking a federal student loan consolidation, you can learn more details about the process by calling 1-800-Cut Bills (1-800-288-2455)
What you’ll need to apply
Personal Information that will be required:
Basic simple information related to your school as well as your current student loan debt
Name, address, phone number and email
Drivers license number
Social security number
A Cosigner (if you do not have):
Steady and stable income
It is important to remember that it can take up to a period of sixty 60 days to complete the entire loan consolidation process and to payoff all of your current outstanding loans with your lenders.