The process

There are certain steps that you need to follow:The first step being: You need to apply for Federal Student Loan, which ia matter of not more than a few minutes when filling the application Online.Then you got to set your estimated interest rates: To determine that you will be required to calculate the average of all the loans and the weightage you give to the loan that you wish to consolidate which will eventually result in low fixed rates. Your benefits as a borrower will begin to fall in: If the payment program you select is automated then you will instantly receive an interest rate reduction which can bring down the rate considerably.Consolidation processing will begin once all the application forms have been duly filled and submitted in co-ordination with all the lenders involved. http://www.which-student-loan.com.au/student-loan-consolidation.html