The U.S. Congress established the Federal Consolidation Loan Program to help student loan borrowers better manage their student loan obligations. This program is designed to ease the financial strain that so often accompanies a career's early stages, when income is at its lowest level.
Consolidation allows borrowers to retire multiple student loan debts with a new loan.
This may allow borrowers to lower their monthly student loan payments. Customized Payment Schedules Southwest quickly shows you the bottom line by calculating fixed, graduated, and income-sensitive payment schedules from information you supply about your existing student loans. If loan consolidation is the answer for you, one form gets the process going. It's the Application and Promissory Note. No Fees Southwest charges no origination fee and there are no hidden service charges.