Combining federal student loans allows borrowers to streamline payments, but there are other important considerations.
Most federal student loans qualify for consolidation as long as they are in repayment or in a grace period. Borrowers qualify for direct loan consolidation after they graduate, leave school or drop below part-time enrollment – circumstances that also trigger the loan repayment process....
Federal consolidation also makes some loans eligible for Public Service Loan Forgiveness and income-driven repayment plans. But it won’t save you money, since its rate is determined by a weighted average of your prior loans’ interest rates. You can also consolidate and refinance student loans ...
Refinancing student loanscould make sense if you are confident in your work prospects. The terms are not as flexible as those that come with federal loan consolidation – the amount you agree to pay every month does not change. It is the same until the balance is paid in full. (Th...
Need for Law School Student Loans - Call 800-659-8344. Federal or Private Student Loan Consolidation Lock in Fixed Rate, Reduce your monthly payments by 50%
Federal Student Loan Consolidation Now is the perfect time to consolidate your federal student loans with Law School Loans. Whether you are still in-school, or have graduated, we know better than anyone else how to help law students and attorneys take advantage of afree government programthat has...
Direct Consolidation Loans When it comes time to repay student loans, the government offers direct consolidation loans, which you can use to combine two or more federal education loans into a single loan with a fixed interest rate based on the average rate of the loans you are consolidating. ...
Learn about repayment, postponement, consolidation, and forgiveness options for your federal student loans. Repayment plans include Standard, Graduated, Extended, and Income-Based (IBR). Postponement or forgiveness options include deferment and forbearan
Federal consolidation loans combine two or more federal student loans into a single loan, with the interest rate based on the weighted average. This can simplify repayment of your student loans. While these loans can be helpful in some cases, it’s impor
No choice of servicer: When you apply for federal student loans, the Department of Education assigns a loan servicer to you automatically. If you have a bad experience, you can consolidate your loans with another servicer, but the consolidation process can impact your access to certain ...