Best advice consolidating student loans


16-Jul-2016 16:06

If any of the loans you want to consolidate are still in the grace period, you have the option of indicating on your Direct Consolidation Loan application that you want the servicer that is processing your application to delay the consolidation of your loans until closer to the grace period end date.

If you select this option, you won’t have to begin making payments on your new Direct Consolidation Loan until closer to the end of the grace period on your current loans.

The result is a single monthly payment instead of multiple payments. Refer to the complete list of federal student loans eligible for consolidation in the application.

Loan consolidation can also give you access to additional loan repayment plans and There is no application fee to consolidate your federal education loans into a Direct Consolidation Loan. Department of Education (ED) or ED’s consolidation loan servicers. Top A Direct Consolidation Loan has a fixed interest rate for the life of the loan.

No balloon rates or variable rates, just a fixed rate.

allows you to consolidate (combine) multiple federal education loans into one loan. Direct PLUS Loans received by parents to help pay for a dependent student’s education cannot be consolidated together with federal student loans that the student received.

To request technical assistance while you are signed in and completing the online, select the “Contact Us” tab in the top menu bar of Student

To ask questions about consolidating your loans before you apply for a Direct Consolidation Loan, contact the Loan Consolidation Information Call Center at 1-800-557-7392.There is no cap on the interest rate of a Direct Consolidation Loan.Top will let you know when the first payment is due.Does the debt from your college days seem overwhelming?

You're not alone: According to the Federal Reserve, student loans total more than

You're not alone: According to the Federal Reserve, student loans total more than $1.3 trillion in the U. That's second only to the size of the nation's mortgage debt.

They’re considering a refinance of the loans and just received an offer in the mail from a private company offering to do that for a lower rate. Dave lays out some guidelines for doing a refinance.

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You're not alone: According to the Federal Reserve, student loans total more than $1.3 trillion in the U. That's second only to the size of the nation's mortgage debt.They’re considering a refinance of the loans and just received an offer in the mail from a private company offering to do that for a lower rate. Dave lays out some guidelines for doing a refinance.

.3 trillion in the U. That's second only to the size of the nation's mortgage debt.They’re considering a refinance of the loans and just received an offer in the mail from a private company offering to do that for a lower rate. Dave lays out some guidelines for doing a refinance.