As students consolidate the loans, they can minimize their monthly loan payment. The key is to find the good lender and the proper interest rate. To reduce interest rate with low payments requires them to choose the right company. However, when comparing loaners, it is difficult for students to consider payment fees, interest rates, and loan terms.As a matter of fact, there are plenty of student loan consolidation companies available, hence they can’t realize which one is the best to make a selection. In order to assist students have a good selection, I highly recommend the top 2 companies namely Sallie Mae and next student. These companies are able to offer you the greatest rates and preserve you money by consolidating your student loans, and they are famous for their good handling of student consolidation loans because they make applying, repaying and servicing easy.Regarding Sallie Mae, its best benefit is that this company provides their guarantee of the minimum legal interest rate. The advantage of low interest rates is in the thousands of dollars over the life of the loan. Sallie Mae has over ten million borrowers on record in the US and over 30 years of experience with servicing all forms of student loans, including consolidation loans.It brings many factors including low student loan consolidation rates and online applications. Furthermore, it demands neither application fees nor credit checks. The greatest advantage is that this company offer borrower benefits that smaller interest rate. Importantly, it offers students be-signature for smooth flow of the online consolidation application process.As beneficial as Sallie Mae, Next Student promises to reduce your student loan payments by up to 60%. Their interest rates are really small and they bring financial consultants to help in the application and consolidation process. Additionally, it handles federal and private loans which mean students can consolidate different types of loans easily and with the same lender. , they can keep federal loan benefits with a federal consolidation loan and still consolidate private loans with a lender they experience and trust.If you have not consolidated your loans previously, Next Student offers student loan consolidation rates services. If you are out of school or if you will be graduating in six months or less, keep in touch with this company to figure out how you are able to decrease your monthly student loan payments by as much as 60 percent.Sallie Mae and Next Student’s mission is to extend access to college and to make sure no student is denied the chance to follow their dreams. This decision allows us to direct our resources on increasing college access for more students and parents.