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Privacy FederalStudentLoanAssistance.com Privacy Policy FederalStudentLoanAssistance.com values your privacy and keeps any information about you safe and confidential. We do not collect any personal information about you, unless you approve us to collect such information, such as when you submit an application to us. Personal information may include your name, address, telephone number, Social Security Number, and certain financial information such as student loan account balances, payment history, account usage and similar information relating to your transactions with American Student Loan Services, and is used only to assist in our services. We may share this information with other companies in the FederalStudentLoanAssistance.com group of organizations, including, but not limited to, our servicers, originating agents, processing agents, and third party agents, to process or administer your loan in the most effective way possible. We do not gather specific individual information about visitors to our Web site. We do, however, gather combined, aggregate information from our Web site for the exact purpose of monitoring traffic and usage. FederalStudentLoanAssistance.com follows federal law and the guidelines established by the Federal Trade Commission regarding youth privacy. We will not knowingly collect any personal information from or allow the registration of persons under the age of 13. If we find that we have inadvertently collected personal information from an individual under the age of 13, we will take all reasonable steps to remove the information from our system as soon as possible. FederalStudentLoanAssistance.com will not share your personal information with nonaffiliated organizations, except as required or permitted by federal law or regulation. We may share your personal information with schools, lenders, agencies of the United States government and their agents, credit-reporting agencies, and with third-party servicing organizations. These organizations are required to use your personal information for its intended use only. FederalStudentLoanAssistance.com takes necessary measures to guard your personal information. Physical, electronic, and procedural operations are taken that comply with federal regulations to protect your personal information. All personal information you provide online is encrypted using SSL, or 128-bit encryption technology; the internet standard for secure communication online. FederalStudentLoanAssistance.com stores all personal information internally in a controlled, secure location where only FederalStudentLoanAssistance.com employees with a business reason to access your personal information are authorized to do so. If you have any questions or comments concerning this privacy policy, please contact us at: Customer Privacy
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Congress established the Federal Consolidation Loan program as part of the Higher Education Act to help make the repayment of student loan debt easier for student borrowers. A Federal Consolidation Loan allows you to combine all of your eligible Federal Education loans into one loan with a low, fixed interest rate and a flexible repayment plan. There are no fees or credit checks as part of this program. Depending on the total amount of student loans that you have you can choose one of several repayment plans with loan repayment periods up to 360 months. The interest rate on your Federal Consolidation Loan will be the weighted average of the current interest rates on your eligible student loans being consolidated rounded up to the nearest 1/8%, or 8.25%, whichever is less. The interest rates on most student loans are based on the Treasury Bill and are adjusted each year on July 1st. This means that currently you have the opportunity to lock in rates before they rise and lower them an additional 1.25% through new incentive programs. |
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Federal Student Loan Assistance is not acting as a lender. The information provided by you to Federal Student Loan Assistance is not an application for a loan. A lender within our network may independently verify the information you submitted herein and provide you with loan options based on that verified information. Federal Student Loan Assistance does not represent all lenders in the marketplace and therefore cannot guarantee the lowest price or best terms available in the market. The 4.5 percent interest rate is available through a network lender and includes the following applied benefits: .60 percent rate reduction for consolidating after graduation; .25 percent rate reduction when students use Auto Debit, and a 1 percent reduction when student borrowers make 36 consecutive on-time payments, or 2 percent reduction after 48 consecutive on-time payments. Your interest rate may be higher or lower based on your existing loans as the interest rate for a consolidation loan is the weighted average of the interest rates of the loans being consolidated, rounded up to the nearest one-eight of one percent. |
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