The sooner you consolidate your student loans, the sooner you'll enjoy all the benefits consolidation offers you.

In fact, the best time to apply for student loan consolidation is just a few months before graduation.  We strongly advise that you submit your student loan consolidation application before graduation because it takes approximately 2-3 months to process a loan consolidation application. 

We have to contact your existing lenders about your discount status and inform them of your graduation date.  Schools sometimes are delayed in notifying your lenders of graduation status, which in turn may delay the processing of your application.

Grace Period
Discount

Take advantage of the grace period discount! The time between the end of your enrollment as a student, on at least a half-time basis, and the point when loan repayment begins, is known as the "grace period." 

If you apply for a consolidated student loan before the end of your grace period, you may be eligible for a .60% grace period discount.  Depending on the loans you consolidate, this could save you thousands of dollars in interest over the life of the loan. For example, if you have $100,000 in outstanding loans, a .60% discount could save you nearly $9,800 in interest fees over a 30-year period!

StudentBenefitServices helps you maximize both your in-school and grace period benefits for a seamless transition. As a matriculated student, you can take advantage of postponing any repayment of your Federal student loans until you graduate or leave school. To maximize all the loan repayment benefits that you're entitled to, we'll guide you on ensuring that the funding of your new loan coincides with the end of your grace period, so that you can secure the lowest possible fixed consolidated interest rate while still enjoying all the benefits of your grace period.

After Grace
Period Benefits

Even if you miss the grace period discount, you can still obtain all the other benefits and discounts available with an SBS student loan consolidation.

According to finanical experts, interest rates on student consolidation loans are expected to increase, so the most important thing is to lock in these lowest fixed interest rates now! There's no cost and no obligation to apply!