With federal student loan consolidation, student borrowers save time and money, as all loans are combined together into one simple loan, making payment more manageable. There are no fees, charges or prepayment penalties. In addition, depending on the repayment term, borrowers easily can save thousands over the long term.

NextStudent's federal student loan consolidation application process is easy, and students do not need to know their current student loan portfolio. There are no credit checks and a co-signer is not needed. The no-hassle application has four simple steps and is done with Electronic Signature.

Repayment can be as much as 30 years, depending on the total balance of the student borrower. Repayment options include graduate and income-sensitive. Also available are deferment and forbearance options.

Student loan borrowers should take advantage of their grace period to receive the automatic .6 percent rate reduction to consolidate their student loans . By taking advantage of NextStudent's aggressive incentives, borrowers can receive an even lower interest rate and save thousands over the long term.