Any eligible federal loans can be combined in
a direct federal consolidation loan, regardless of who the loan servicer is.
Any eligible federal loans can be combined in
a direct federal consolidation loan, regardless of who the loan servicer is.
Not exact matches
To ask questions after you have submitted your
Federal Direct Consolidation Loan Application and Promissory Note, contact the servicer for your new
Direct Consolidation Loan.
A
Direct Consolidation Loan allows you to consolidate (combine) multiple
federal education loans into one loan.
Those who have a mix can use a
Direct Consolidation Loan for their
federal loans, and then select a private lender to consolidate and refinance all their private loans.
There is no application fee to consolidate your
federal education loans into a
Direct Consolidation Loan.
Once research has been completed, and the decision to consolidate
federal student loans with a
Direct Consolidation Loan has been made, the actual process of consolidating is relatively simple.
Federal direct consolidation allows you to combine together all of your federal student loans into a singl
Federal direct consolidation allows you to combine together all of your
federal student loans into a singl
federal student loans into a single loan.
With a graduated repayment program,
federal student loan borrowers with
Direct Stafford Loans, subsidized or unsubsidized, PLUS loans, or
consolidation loans have a fixed monthly payment that adjusts every two or three years.
Before you start to panic, there are some options for you to consider to make student loan repayment less of a hassle and that is through
federal direct consolidation.
Federal Direct Consolidation is a great option for those students who are looking to combine their student loans into a single payment.
At this time, only
federal direct loans are eligible for PSLF, but a
consolidation of other types of loans may indirectly provide loan forgiveness to some qualified borrowers.
One of the easiest ways to get out of default is to combine one or more
federal loans into a
Direct Consolidation Loan.
A
Federal Direct Consolidation Loan may be a good option if you wish to:
Federal student loans can be consolidated via a
Direct Consolidation Loan.
In this situation, you may want to leave your existing
Direct Loans out of the
consolidation and consolidate only your other
federal student loans.
There are special considerations if you want to reconsolidate an existing
Direct Consolidation Loan or
Federal (FFEL)
Consolidation Loan that is in default:
There is no cap on the interest rate of a
federal direct consolidation loan.
If you consolidate parent PLUS loans with other
direct federal student loans into a Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR
direct federal student loans into a Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR
federal student loans into a
Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR
Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR
Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plans.
A
Direct Consolidation Loan allows you to combine one or more
federal education loans into a single loan.
When completing an electronic application, you will be given the opportunity to select the
federal loan servicer you would like to help manage your
Direct Consolidation Loan.
While
federal direct consolidation is pretty straightforward, if you're interested in private student loan
consolidation, or refinancing, it'll take a little more work.
You can not consolidate
federal and private student loans together into a Federal Direct Consolidatio
federal and private student loans together into a
Federal Direct Consolidatio
Federal Direct Consolidation Loan.
Consolidation loans are available for most
federal loans, including Stafford, PLUS and SLS, FISL, Perkins, Health Professional Student Loans, NSL, HEAL, Guaranteed Student Loans and
Direct loans.
You can consolidate your non-eligible
federal student loans into a
Direct Consolidation Loan to make them eligible for PSLF.
To consolidate a defaulted
federal student loan into a new
Direct Consolidation Loan, you must either
Student borrowers with
direct subsidized or unsubsidized loans, individuals with parent or grad PLUS loans, and all
consolidation loans are eligible for the standard repayment plan through the
federal government.
A
Federal Direct Consolidation Loan can replace multiple federal student loans with one new loan featuring a single monthly p
Federal Direct Consolidation Loan can replace multiple
federal student loans with one new loan featuring a single monthly p
federal student loans with one new loan featuring a single monthly payment.
If you are currently in default on a
federal student loan and plan to go back to school, you may benefit from a
direct consolidation loan.
If you are currently in default on a
federal student loan and can not afford to make any payments toward your loan, you may benefit from a
direct consolidation loan.
WARNING FOR SERVICEMEMBERS: Taking out a new
Federal Direct Consolidation Loan will impact your eligibility for an interest rate reduction under the Servicemembers Civil Relief Act.
In order to qualify for PAYE, you need to have borrowed your first
federal student loan after October 1, 2007, and you need to have borrowed a
Direct Loan or a
Direct Consolidation Loan after October 1, 2011.
ICR is the only income - based plan available for Parent PLUS Loans, though it must be consolidated with other
federal student debt using a
Direct Consolidation Loan.
In the case of
federal student loans, a borrower might consider grouping numerous loans with numerous servicers into a
Direct Consolidation Loan.
Direct Loan
Consolidation is only available for
federal student loans, such as
Direct or FFEL Loans.
One benefit of
federal loans, including
Direct Consolidation Loans, is that you can alter your repayment plan.
When you think about consolidating student loans, you're probably thinking about
Direct Loan
Consolidation of
federal student loans.
It's also worth noting that although
federal and private loans are eligible for student loan refinancing, only
federal loans are eligible for a
Direct Consolidation Loan.
However, if you consolidate a FFEL Program Loan or
Federal Perkins Loan into a
Direct Consolidation Loan, you may then be able to repay the
Direct Consolidation Loan under the REPAYE, PAYE, and ICR Plan (depending on the type of loan that you consolidate).
Often,
Direct Consolidation is required in order to enroll in
federal programs such as income - based repayment.
By taking out a
Direct Consolidation Loan, you can minimize the stress of your debt while retaining your
federal loan benefits.
To get on an ICR plan, the government requires you to first consolidate your
federal Parent PLUS loan into a
Direct Consolidation loan.
If you have several types of
federal loans, you can consolidate them into a
Direct Consolidation Loan so they'll qualify — but your prior loan payments won't count.
While you can not consolidate
federal and private student loans together into a Federal Direct Consolidation Loan — since only federal loans are eligible for consolidation — you can refinance federal and private loans to
federal and private student loans together into a
Federal Direct Consolidation Loan — since only federal loans are eligible for consolidation — you can refinance federal and private loans to
Federal Direct Consolidation Loan — since only federal loans are eligible for consolidation — you can refinance federal and private lo
Consolidation Loan — since only
federal loans are eligible for consolidation — you can refinance federal and private loans to
federal loans are eligible for
consolidation — you can refinance federal and private lo
consolidation — you can refinance
federal and private loans to
federal and private loans together.
Their only option for income - driven repayment is to combine PLUS loans in a
federal Direct Consolidation Loan and then repay the new consolidation loan under an Income Contingent Repayment (ICR) plan, the least generous
Consolidation Loan and then repay the new
consolidation loan under an Income Contingent Repayment (ICR) plan, the least generous
consolidation loan under an Income Contingent Repayment (ICR) plan, the least generous of all plans.
If your
federal government obligation exceeds certain thresholds, you may qualify for a
direct consolidation program, which could extend repayment for up to 30 years.
When you consolidate
federal loans, the government pays them off and replaces them with a
direct consolidation loan.
If you believe you may need to take advantage of the Income Based Repayment or graduated repayment options offered by the
federal government, a
Direct Consolidation Loan could make sense.
There are no fees to consolidate
federal education loans within the
Direct Consolidation Loan program.
One of the best places to start looking is the
federal Direct Consolidation Loan program.