Consolidating a PLUS Loan through Student Loan Xpress
Minimum amount required to consolidate: $7500
Payment incentives: If you consolidate $20,000 or more you
will receive an automatice 1.0% interest rate reduction after you
make your initial 36 monthly payments on time.
Optional incentives: 0.25% interest rate reduction through
automatic debit of payments from a bank account.
Apply by calling toll free 1-866-311-8059 or apply on-line.
Student Loan Xpress guarantees that they will consolidate
your PLUS loan(s) within 30 days or they will make the first payment
on your new consolidation loan.
NOTE to Student Loan Xpress PLUS borrowers: if you
consolidate your Student Loan Xpress PLUS loan(s) you will lose your
current payment incentive. If you have LOANStar as your loan
servicer this incentive is the 3% principal reduction. If you have
MOHELA as your loan servicer this incentive is the 2% interest rate
reduction with automatic debit of payments. Be sure to consider this
before you decide to consolidate.