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Students with two or more federal student loans can consolidate all of their federal loans by applying for Direct consolidation loans. Students who apply for a Direct consolidation loans usually choose to consolidate their loans for many reasons, including but not limited to extending the original repayment term of their original loan to 30 years, lowering their monthly payment, lowering their interest rates and securing additional forbearance and deferment time.
Students Who Apply for Direct Consolidation Loans Manage Their Loans BetterMany students find it easier to manage all of their student loans by consolidating their existing federal student loans into one loan. Consolidation allows students to combine two or more student loans into one loan, so students will only be responsible for making one monthly payment instead of several monthly payments each month.
Direct Consolidation Loans Help Students Lower Interest Rates on Their Existing Student LoansStudents with high interest federal loans can take advantage of lower interest rates by applying for a Direct Consolidation Student Loan. In most cases, students who apply for Direct consolidation loans will find that they can consolidate their existing federal loans down to a lower interest rate.
Students Who Apply for a Direct Consolidation Loan Receive Extra Forbearance and Deferment TimeOne of the main benefits of applying for a Direct consolidation student loan is that students who no longer have any forbearance or deferment time left on their existing federal loans will be entitled to new deferment and forbearance time simply by applying for a Direct consolidation student loan.
Direct Consolidation Loans Help Students Prevent DefaultStudents who apply for a Direct Consolidation loan can prevent defaulting on their existing federal loans. This is especially true for students who have no other repayment options and can't make their monthly payments. With a Direct student consolidation loan, students and graduates start over with a fresh and brand new loan and repayment terms.
Students who are struggling to pay their federal loans, are out of forbearance of deferment time or are interested in lowering their interest rates should consider the benefits of applying for a Direct Student Consolidation loan today.
What else can I help you with?
How can I consolidate student loans?
Special Direct Consolidation Loans are not the same as traditional Direct Consolidation Loans that borrowers would apply for through this Web site. Only certain borrowers are eligible for Special Direct Consolidation Loans. One of the Department's federal loan servicers--FedLoan Servicing (PHEAA), Great Lakes Educational Loans Services, Inc., Nelnet, or Sallie Mae--will contact eligible borrowers starting in January 2012 about the new and different online application process for Special Direct Consolidation Loans. Borrowers who may be eligible for a Special Direct Consolidation Loan must not apply through this Web site. Doing so will make them ineligible to participate in the special consolidation opportunity.
How do you apply for a direct loan consolidation?
One can apply for a direct loan consolidation online. The 'Federal Direct Consolidation Loans' website has the information one needs and allows one to fill out their online application form.
Where can someone get a debt consolidation loan with bad credit?
There are several companies that offer debt consolidation loans for customers who have low credit scores. Some of these companies are LendingTree, LendersMark, and Rapid Loans Direct.
What is the benefit of direct loans servicing?
"Direct Loan Servicing is an easy way to manage your school loans. You can learn about consolidation, tax information, and view your payment history as well."
Where would one consolidate student loans?
Almost all federal student loans can be consolidated under the Direct Consolidation Loan program. They offer multiple repayment plans and fixed interest rates. Private student loans that do not qualify for consolidation under the Direct Consolidation Loan can be consolidated through separate programs such as NextStudent, Student Loan Network, and Wells Fargo.
Where can one consolidate their Federal Student Loans?
One can consolidate their Federal Student Loans from the following sources: Debt Free Direct, Consolidation Loan Centre, Student Aid, Loan Consolidation, Fin Aid.
How does one obtain a Federal Consolidation Loan?
A Federal Consolidation Loan can be applied for through Borrower Services, Direct Consolidation Loans, or Nelnet. These are all services that will allow you to complete your application online.
Where can I learn about student loan consolidation?
You can use Direct Consolidation loans for your student loan consolidation needs. It is a government website that assist those who want to consolidate their debts. You can find them at this link www.loanconsolidation.ed.gov/
What is a Direct Consolidation loan?
A direct consolidation loan is made when a person has multiple loans (from education, College, University,) to pay off, so combines it in to a single loan that is then made to the U.S. Department of Education.
How can someone apply for a student loan consolidation?
If one is wanting to consolidate student loans there are a few options available. One can apply online at the Direct Consolidation Loans website, or an application can be made by phone. The Direct Consolidation Loans site also offers a downloadable paper application that can be completed and mailed in. Another option would be to speak with a person at ones financial institution and inquire about consolidating student loan debts.
Where can one find more information for aes loan consolidation?
The Federal Direct Loan Consolidation Center now handles AES and all Federal Student Loans. Their website contains links with information about loan consolidation. It also allows borrowers to consolidate their AES loans online.
How can one obtain a consolidation education?
A consolidation education is an education where a student obtains loans in order to pay for their educational costs. One can apply for a direct consolidation loan, and use that towards tuition, books, and other fees.
