Consolidation

Consolidation is here to stay. Between 2004–2005 alone, the national growth of Consolidation Loan volume increased by 49.5% in total loan volume by dollars, and 53.1% in the number of new loans created by consolidation. The next few years will see the market for consolidation loans growing. Even when students begin to graduate with multiple loans at the same fixed interest rate, the lure of lowering monthly payments with longer repayment terms will keep the consolidation ball rolling. As Consolidation Loans become an increasingly important piece of your portfolio, so too does keeping those loans in good standing throughout the extended repayment term. That’s where the American Student Assistance guarantee can make all the difference. With proactive outreach to Consolidation borrowers to ensure on-time payment. Innovative partnerships with schools and servicers to co-brand materials that catch borrowers’ attention.

Securing financial wellness is our priority. Become a consolidation lender with ASA. For information, please contact William Fortier, Lender Account Executive at wfortier@amsa.com.