Distance Learning College Loan Consolidation

Forget About Federal Programs

Distance learning is one of the fastest growing segments of higher education. Adult learners, professionals and college students with families to care for, all qualify as distance learners. Adults seek timely, innovative experiential and/or practical course work that cuts to the nitty-gritty of a profession. They look for applicable student loans and for ways to relieve the stress of high monthly payments.

Distance programs may be more cost-effective than traditional, campus-based programs, but they pose a financial problem for student/borrowers with other more demanding financial responsibilities. The challenge is to find consolidation loans that make it feasible for distance learners to combine their educational loans into one, easily managed monthly payment.

Federal consolidation loans offer nothing for the distance learner. Federal loans still require students to attend a traditional college program either half or full-time.

"Non-Traditional" For How Long?

However, in response to the gap in financial aid for distance learners and other non-traditional students, private student loans providers are slowly but surely anteing up a few customized private loans for this population of borrowers. Sallie Mae offers a Continuing Education Loan and Access Group provides the Comprehensive Access Loan for continuing education students.

Consolidate Distance Learning Loans

Educational loans specifically designed for career training, certificate programs and continuing education students all fall under private loans. If you are shopping for a consolidation loan to cover loans like these, as well as any other private student loans you may have, you’ll find a fairly wide assortment offered. Private lenders have become savvy with their own brand of private consolidation loan, realizing the huge potential in the market. Private student consolidation loans all share similar features:

Consolidate Previous Federal Loans

If you are a professional or student pursuing an online program and are still paying on outstanding federal student loans from a previous degree, then consider a federal consolidation loan. Ease stress in your life by neatly bundling your federal debt into one low payment.

Special Offer for Distance Learners

Non-traditional learners have specific financial needs. There are so few special offers for the population that when one comes along it bears highlighting. eLearners, an online clearinghouse for distance learning programs, online colleges, and other related resources, now offers a federal consolidation loan specifically for distance learners. Student loan provider, Educational Direct, makes the loans possible. Borrowers may consolidate whatever outstanding federal loans they may have as long as they have at least $10,000 in student loan debt.