What will student loan consolidation do for me? You will be relieved of considerable interest expense. There should be a reduction of 50-56% in your monthly payments and you will be given the lowest interest rate in the history of student loans over the entire term of your student loan consolidation program. How will this new consolidation loan affect my credit rating? ANH does not report to any credit agency. However, the bank that originates your new student consolidation loan may report. In any event, the fact that you have eliminated all of your old student loans will actually enhance your credit report. Is there any problem with my paying off the loan early? There are no pre-payment penalties, so paying off the consolidation loan early may be beneficial to you. Could I do this student loan consolidation on my own? Of course you could attempt to do this on your own. ANH is a professional debt management company with the ability to do your consolidation for you swiftly, accurately and with the greatest assurance of success. Can I pay more than the scheduled monthly payment? Yes you can, and all of the additional monthly payments will be used to reduce the loan principal. Are there any minimum requirements for consolidation? Yes, to be eligible for consolidation you must have at least two current federally issued or guaranteed student loans with a minimum combined balance of $7500.00. Do I have to have good credit to qualify for a new student loan consolidation loan? Your current credit status has little influence upon the issue of a new student loan for consolidation of your existing student loans. If my current student loans are in delinquent, can you arrange a student loan consolidation plan for me? Yes, we are able to in most cases, and will always use our best efforts to accommodate you. Sometimes, you will have to enter our debt management program prior to our consolidating your student loans. If my spouse and I both have student loans, can you consolidate them all into one new consolidation loan? Yes we are able to do spousal consolidation of student loans.