Student Loans are daunting! Your student aid office was great when you started school but now that you've graduated, they're nowhere to be seen. If you have recently graduated, it may seem easy but rest assured the bill is coming. And if you are already paying off your loans then you know how the monthly payments can seem overwhelming. The Federal Loan Network LLC. has been set up to help you take control and utilize the little known government programs that doesn't want you to know about.

The standard practice is that each semester you are in school your finance office takes out a separate loan. You may have one bank or one payment but really what you have are many smaller loans paid in one check. The Federal Loans you have taken out through your school are strictly regulated and controlled by the Department of Ed. The amount you have taken out governs how long you have to pay it off and what the interest rate is. Each loan is small but if you put them all together, well you know how much you owe. What the Federal Loan Network does is combine all your loans into one new loan.

Your consolidated new loan will still be regulated by the Department of Education. You still keep all the benefits and securities you currently enjoy, except for one change. Because your consolidated loan is larger than each individual loan the government allows you to pay it off over a longer period of time, therefore reducing your monthly payment. When we combine your loan we have the ability to offer you lower interest rates based on you making your payments. This is a one time chance. When you consolidate we are able to reduce interest rates and monthly payments while locking in your rate so it doesn't ever go up again.