Why consolidate your student loans? Here are a few of the benefits:

1. Lower monthly payments. By consolidating your loans, you reduce your loan payments each month, in some cases by up to 46%! That will leave you with extra cash in your pocket at the end of each month, enabling you to buy the things you need or pay down your debt even more.
   
   
2. A fixed interest rate. Having a fixed interest rate these days is a smart bet. For the last few years Interest rates have been their lowest in decades, and the only direction for them to go is up. With a fixed interest rate, increases in interest rates don't add extra dollars to your monthly payments as they do with flexible rates. A fixed interest rate gives you piece of mind.


3. One lender, one payment. By consolidating your loans, you'll be making one monthly payment to a single lender and will no longer have to deal with your previous lenders. To some this is a godsend.
   
   
4. No fees or credit checks. When we say no fees, we mean it. By consolidating with StudentBenefitServices you won't be charged any service charges, bank charges or prepayment penalties, even if you pay off your loans sooner than expected. When we say no credit checks, we mean it. Your eligibility into the program doesn't rely on your credit rating, so we won't ask for it.
   
   
5. Interest is tax-deductible, lowering your cost of borrowing even more. The goverment allows a special deduction for interest paid on student loans (also known as education loans). This deduction will reduce your taxable income up to a limit of $2,500 (in 2006), lowering your total tax payable, reducing your cost of borrowing even futher.
   
   (Tax information is provided as a general overview. Student Benefit Services is not engaged in rendering legal, accounting, tax or other professional advice services, and we are not qualified (nor is it our intent) to provide individual tax advice. To determine your eligibility and learn how these benefits apply to your specific situation, we encourage you to consult with your tax advisor and review IRS Publication 970 for details.)
   
   
6. Improves your overall credit rating. When you apply for credit, such as a mortgage or credit card, lenders evaluate your credit rating as part of their application process. Your credit rating takes into account the total number of creditors you have, as well as the balance of your outstanding loans. By consolidating your student loans, you decrease the number of creditors, thereby enhancing your overall credit rating score.
   
   

StudentBenefitServices Consolidation
Features & Benefits Snapshot

• Free! No Hidden Charges to Consolidate
  No fees, no charges, no gimmicks
  
  
• Reduce Your Interest Rate
  Based on a weighted average of all your student loan rates, a consolidation loan may actually lower your overall interest rate!
  
  
• Fixed Rates From 5.375% - 6.125%
  Lock in these low rates while they're still available
  
  
• Lower Your Monthly Payments by up to 46%
  For example, on a $60,000 loan, you can lower your $700 payment to only $369!
  
  
• No Credit Checks or Employment Verification
  We work solely with your current Federal student loans
  
  
• Flexible Repayment Terms
  Choice of Level or Graduated Repayment Plans up to 30 years
  
  
• No Prepayment Penalties
  Pay off your loan as soon as you want to
  
  
• Retain Deferment and Forbearance Privileges
  In most cases, maintain your Federal Rights when you consolidate
  
  
• One-Stop Service
  Only one phone call to handle all of your student loans
  
  
• Tax Advantages
  You may deduct student loan interest on your income tax return

Consolidate your student loans now!