Sentences with phrase «direct loan consolidation»

The types of federal student loans are Perkins, Direct Stafford, Direct PLUS (graduate and professional degree student borrowers), Direct PLUS (parent borrowers) and Direct Loan Consolidation.

While it's not possible to use the federal Direct loan consolidation program to combine your federal student loans with private loans, it is possible to combine private and federal student loans by refinancing them with a private lender.

(The US Department of Education has confirmed this for the Direct Loan Consolidation Program.

If you think that direct loan consolidation is for you, speak with your loan provider today.

Here are 5 facts about direct loan consolidation that may help you better understand the process:

Below, we will go over some unknown and interesting facts about direct loan consolidation that you need to know now.

The repayment period for the Standard Repayment Plan is 10 years (10 — 30 years if you complete a Direct Loan Consolidation).

Direct Loan Consolidation is a U.S. government program that allows borrowers to aggregate all of their federal loans into one simple payment, often with a longer repayment period.

Our biggest complaint is that the Direct Loan Consolidation also paid off a very small (2K) Parent Plus Loan so now our Consolidation loan is not eligible for IBR or REPAYE — only ICR.

Direct loan consolidation is a repayment plan offered by the federal government for those who are struggling with their loans.

The organization also provides quick access to several Department of Education links, including the direct loan consolidation page and information pages about various repayment programs offered.

Some of the federal programs Student Loan Hero suggests include Direct Loan Consolidation, Income Based Repayment Plans, and different student loan forgiveness programs.

You may consolidate your loans with any lender, but Federal Direct Loan Consolidation is a popular and reputable source.

While his adversary proceeding was dismissed, ECMC tried to assist Plaintiff in «applying to the William D. Ford Direct Loan Consolidation Program's Income - Based Repayment plan.»

«Plaintiff desires to repay her debt owed to ECMC and DOE under the Income - Based Repayment (IBR) for which she is eligible in her current loan program or through consolidation of her current loans in the William D. Ford Direct Loan Consolidation Program (Ford Program).

It seems the fact you can't consolidate the spousal consolidation loans again makes them eligible for the Direct Loan consolidation program.

♦ Applying for Direct Loan consolidation is FREE.

The Department has terminated its contract with ACS (Xerox) and is in the process of transferring services previously performed by ACS, including the Direct Loan consolidation process.

Under the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loan.

Loan consolidation can occur in one of two ways: either federally through the U.S. Department of Education's Direct Loan Consolidation Program, or through a private lender (known then as refinancing).

Since 2010, Direct Loan consolidation is the only federal consolidation program.

The Department generally requires all borrowers to apply for Direct Loan consolidation using the studentloans.gov web site.

We sent a letter last week to CFPB Assistant Director and Student Loan Ombudsman Rohit Chopra and Department of Education Chief Operating Officer James Runcie outlining our concerns about the new Direct Loan Consolidation application system.

However, unlike Direct Loan Consolidation, this option is only offered by private lenders

In order for Parent PLUS Loans to become eligible for ICR, they need to be consolidated as part of the Direct Loan Consolidation Program.

The ICRP is available only in the Direct Loan Program, including the Direct Loan consolidation program.

I have all my private debt consolidated into a direct loan consolidation with standard...

Also be on the lookout for companies who say they offer their own loan consolidation that is similar to, or better than, the Direct Loan Consolidation Program.

If it's a federally guaranteed loan (Great Lake Higher Education Corp should be), look into the William D. Ford Direct Loan consolidation program.

The Direct loan consolidation product is the same for everyone and ultimately, servicing should be the same too.

Direct loan consolidation is a program offered by the Federal government that allows you to combine all of your federal student loans into a single loan.

When consolidating federal loans, the government combines all your federally acquired loans into a Direct Loan Consolidation.

Typically, loan consolidation can occur in one of two ways: either federally through the U.S. Department of Education's Direct Loan Consolidation Program, or through a private lender.

However, don't confuse it with applying for direct loan consolidation.

Direct Loan consolidation offers the ability to combine loans into one loan with one monthly payment, as well as the ability to extend the term of your loans in certain circumstances.

Direct Loan consolidation of existing loans at the weighted average rate is not designed to save you money.

Direct Loan Consolidation is offered through the federal government, whereas refinance loan options are offered by private lenders such as Brazos.

Consolidating under the Direct Loan Consolidation program will not require a credit check, whereas private refinance programs are credit underwritten, meaning you'll need to pass a credit check to be approved.

Only federal loans are eligible for consolidation under the Direct Loan Consolidation program, whereas federal and private education loans are eligible for refinancing through Brazos.

Certain repayment options may be available through the Direct Loan Consolidation program that are not available through private lenders.

But Direct Loan Consolidation and private loan refinancing come with different options.

Read on to learn about Direct Loan Consolidation and refinancing so you know which one is the better option for you.

In addition to Direct Loan Consolidation mentioned above, you can also consolidate your student loans by refinancing.

When you think about consolidating student loans, you're probably thinking about Direct Loan Consolidation of federal student loans.

Direct Loan Consolidation is only available for federal student loans, such as Direct or FFEL Loans.

Even Direct Loan Consolidation can prevent faster student loan repayment.

The Federal Direct Loans consolidation is available for borrowers of federal loans only, and simply uses a weighted average of all federal debts combined into one application.

Not exact matches

There are two ways to use a Direct Consolidation Loan in this scenario.

This scenario shows that choosing a private consolidation loan that has even a slightly higher interest rate -LRB-.5 %) then the interest rate available with a Direct Consolidation Loan can cost quite a consolidation loan that has even a slightly higher interest rate -LRB-.5 %) then the interest rate available with a Direct Consolidation Loan can cost quite a bit of moloan that has even a slightly higher interest rate -LRB-.5 %) then the interest rate available with a Direct Consolidation Loan can cost quite a Consolidation Loan can cost quite a bit of moLoan can cost quite a bit of money.

You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee.