Avoid Student Loan Consolidation Lender Scams

How to Avoid Student Loan Consolidation Lender Scams

You should not have to pay any fees in advance to consolidate your federal student loans. You may have a slight increase in your interest rate on your new consolidation loan - but that is all.

Now keep in mind for some federal loans they may have some fees - but those will come out of the disbursement checks when the loan is funded - the lender will not ask for those costs up front.

If a lender asks you to pay a fee in advance to do your federal government student loan consolidation, then they are trying to scam you. Find another loan consolidation company.