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Student Loan Consolidation

Why you SHOULD Consolidate!

Fixed Interest Rates
Lower Monthly Payments
Only One Payment Each Month
New or Renewed Deferments

There are many reasons for consolidation. Above are just a few reasons why you may consider federal student loan consolidation.

If you are not sure if consolidation is for you, contact us today. Our experienced counselors will assist you with your questions and determine if consolidation is right for you.

At MSB, we understand that the process of student loan consolidation can be confusing.

Below we have outlined a step-by-step process of how we will consolidate your Federal Student Loans:

The Application. The application is the first step in the process of consolidation. We provide 2 ways for you to accomplish this.

1. You can request a free, no-obligation request to have an application mailed for you to complete.
2. You can download an application that you can complete and either print and mail to MSB or you can automatically e-mail the information to MSB.

Application Mail Out. Once you have completed your application with your personal loan counselor, your application will be mailed to you along with a postage-paid return envelope after a quality check has been performed on your application. We adhere to the strict guidelines and compliances with the Higher Education Act and therefore ensure that all information needed by the Federal Government is present and correct in order to process your application without delay. Once you receive your application, all you need to do is verify that the personal information on your application is correct, sign where indicated and put your application in the nearest mailbox.

Payoff Statements. Once we receive your signed application back in our office, we will request payoffs from your existing lenders by requesting an LVC - a Loan Verification Certificate. These certificates tell us exactly how much you owe on your student loans. Some lenders take longer than others to provide this information to us to it is imperitave that you send us back your application as soon as possible.

NOTE: We cannot stress this enough. If you are currently in repayment - CONTINUE TO MAKE YOUR PAYMENTS on your student loans until the consolidation process is completed and you receive your new payment information from your new lender.

Payoff. The loan proceeds from your new federal consolidation loan will be used to pay off each of your existing loans from your other lenders. This will greatly improve your credit rating as BEACON scores are partially driven by the number of debts someone has. By consolidating, you are reducing the number of loans and at the same time shows that you have successfully paid off a series of loans.

Documentation. After the payoff process is completed, you will receive your new payment information from your new lender.

It is really that simple. A lot depends on how fast you can get back your signed application.

P.O. Box 165
Odessa, FL 33556
888-702-0289
813-435-3295 (Fax)
E-mail: MSB

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