Most are eligible. You just need to have at least one Direct Loan or Federal Family Education Loan, which most people do. If you are in default, you must make payment arrangements first and if you already have a consolidation loan, you have to have a new Direct Loan to be able to consolidate again.
School loan consolidations can be typically be found at any bank or savings institution that makes retail loans to individuals and small business organizations.
There are quite a few companies offer loan consolidations. Consolidated Credit website, most bank and financial institutions also offer this type of loan.
There are many places where one can get loan consolidations for loans taken out for medical school. One should first contact the bank or financial institution where one got the loan.
To look for private student loan consolidations, on can go to the Student Aid website. The website has information about student loans, including how and where to consolidate them.
Care One Credit and Debt Settlement USA are two great places for loan consolidations. They also offer services for college student loan consolidations. However, you may want to consider the Money Management Organizaiton as the service is free.
No. The vast majority are FFELP. If your lender is anyone other then DIRECT LOANS you do not have a Direct Loan.
Debt consolidation works by taking out one loan to pay off many others.
Collegiate Funding Services is a leading college student loan provider and servicing agency. Students apply for a loan to help with the cost of living or for money to continue schooling.
Most banks of loan centers will offer generalized FAQs about loan consolidations. Ehow offers a factual guide on how to consolidate the types of loans.
ACS does not offer student loan consolidation anymore since July 2010. All consolidations should be made through the Direct Loan Program. You can find other useful information on Federal Direct Consolidation Loan website.
The FFELP can help with loan consolidations and deferments for when the time comes to start repaying that loan making it easier with monthly payments. It can also help with repayment issues with prepaying the loan at anytime and having repayment options available.
Some of the benefits of loan consolidation including cutting down interest rates and having one payment monthly instead of several different payments. This can save money over time and assist in paying off debts.