You must attend an eligible school, be an undergraduate student or attending an eligible associate, graduate or technical/trade program at least half time. In some circumstances, the Smart Option Student Loan is available to less-than-half-time students and students enrolled in a continuing education program. U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the United States are also eligible.
If you consolidate student loans right now, you could save hundreds of dollars a month. Here's a quick chart showing how much you could save on your monthly payments:
| Total Loans | Current Payment | After Consolidation | Monthly Savings |
|---|---|---|---|
| $30,000.00 | $342.48 | $227.22 | $115.26! |
| $40,000.00 | $456.64 | $275.10 | $181.53! |
| $50,000.00 | $570.80 | $343.88 | $226.92! |
| $75,000.00 | $856.20 | $483.96 | $372.24! |
| $100,000.00 | $1,141.59 | $645.28 | $496.32! |
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