Are you paying off student loans? A new member service -- the Federal Consolidation Loan Program from College Loan Corporation -- can help you manage your student loan debt.
AAFP members may be able to reduce monthly loan payments by up to 58 percent, lock in low interest rates and combine multiple student loan payments into one monthly payment. Even better -- refinancing your student loans through the Federal Consolidation Loan Program is free; there are no application fees or program charges.
And best of all -- the program offers members a 5 percent cash-back offer. Here's how the offer works: Borrowers who make their initial payments on time each month for 48 consecutive months will receive a cash rebate equal to 5 percent of their consolidation loan balance, up to $4,000. (Additional terms and conditions may apply.)
Visit the College Loan Corporation Web site to fill out an online application and to read more about the program; call (888) 972-1126 with questions. To speak with an AAFP member services representative about the program, call (800) 274-2237, Ext. 6814.
