Frequently Asked College Loan Quesitons

Everyday our staff receives emails with many reoccurring questions. To save you the hassle of contacting us we have listed the top questions below and their respective answers. If you have more questions please reference our site because you may learn we have already listed the answer! Thank you from Financial Partners Group.

Do I have to submit my credit report to consolidate student loans?

Since your consolidated loan is looked at as a combination of various loans, we do not need to do a credit check on you or anyone in your family. This is beneficial for students that have not exactly established credit yet.

Can I pay off my consolidated loan early?

Absolutely! That’s a benefit of consolidating your loans. Not only do you benefit from low interest rates but you can also pay off your loan early without any penalties.

How much will my monthly payments be?

Since everyone has a different amount that they may owe, we cannot have a generalized answer of how much your consolidated loan will be. As a general rule of thumb, you can expect to cut your payment (in most cases) in half!

I’m a parent paying off student loans. Can I consolidate?

Of course you can! One requirement you must reach is the $10,500 mark. This is the minimum amount you must owe if you want to take advantage of student consolidation loans.