When to apply to consolidate student loans

It can take several months to process an application to consolidate student loans.It’s important to apply as early as possible to ensure that the process is complete by the time your grace period ends. Applying to consolidate student loans online can greatly reduce the amount of time to process the loan. Most borrowers who apply online with ScholarPoint have their loans processed within a week as opposed to several months. You won’t lose the benefit of the grace period if you apply to consolidate student loans early. On the application you’ll be able to designate when you’d like the loan repayment to begin.