New York, NY (PRWEB) November 30, 2011
Cedar Education Lending announced that as of October 31, 2011, it has processed more than fifty million dollars in Private Student Loan Consolidations since initiating its program in July.
“Cedar Ed offers Private Loans as well, but the interest and growth in our Private Student Consolidation Loan program has been phenomenal,” said CMO, Samantha Karageorge. “In the 3rd quarter of the 2011 calendar year, over $17 billion of private student loans were outstanding. With many of these loans taken out at high interest rates at the time, graduates should assess their credit situation and determine if a better loan option is available. Our Cedar Ed Private Student Loan Consolidation makes it easier and often less expensive when the time comes for graduates to repay their Private Loans.”
Cedar Ed’s recently introduced Cedar Education Private Student Loan Consolidation Calculator allows graduates to plug in all remaining private loan balances and existing monthly payments to determine the potential impact of consolidating their Private Student Loans would have on their monthly finances. Visit the Cedar Education Lending website to click on the calculator to see how easy it is.
The company also said that it will soon announce a new and exciting offer for students and graduates for 2012.