In order to get Stafford Loan consolidation, you must include your benefactor's last 2 income tax returns. After you have completed your degree, you must give Stafford your tax return every year.
"There are several ways one can get a consolidation loan. In the United States, there is a Federal student loan consolidation program that allows students to consolidate Stafford loans, PLUS loans, and Federal Perkins Loans into a single debt. One can also attain a consolidation loan through a private lender. However, the terms vary from lender to lender such as forbearances and deferments."
One can find Federal College Loan Consolidation at several facilities of the Federal College Loan Consolidation located at different outlets of Federal College Loan Consolidation.
Direct Subsidized Stafford Loan
I have learned there is really no such thing as a consolidation loan anymore. The banks and other loan agencies do not carry this particular loan anymore.
There are several places one can compare consolidation loan rates. These websites include Bank Rate, Loan Consolidation, Lending Club, FinAid, and Lending Tree.
"There are several ways one can get a consolidation loan. In the United States, there is a Federal student loan consolidation program that allows students to consolidate Stafford loans, PLUS loans, and Federal Perkins Loans into a single debt. One can also attain a consolidation loan through a private lender. However, the terms vary from lender to lender such as forbearances and deferments."
One can find Federal College Loan Consolidation at several facilities of the Federal College Loan Consolidation located at different outlets of Federal College Loan Consolidation.
In the US, you can consolidate your loans even with bad credit if they are Federally Guaranteed student loans, like Stafford loans. If you want help with the consolidation of your student loans, click on the link below.
Direct Subsidized Stafford Loan
There is a site called loanconsolidation.ed.gov. They answer all questions like, who qualifies, where to apply and other general questions you may have.
No.
I have learned there is really no such thing as a consolidation loan anymore. The banks and other loan agencies do not carry this particular loan anymore.
Sure.
There are several places one can compare consolidation loan rates. These websites include Bank Rate, Loan Consolidation, Lending Club, FinAid, and Lending Tree.
Before consolidating your debts, it's important to consider questions such as: What is the interest rate on the consolidation loan? Will the monthly payments be manageable? Are there any fees associated with the consolidation? How will consolidating affect my credit score? What is the total cost of the consolidation compared to paying off debts individually?
Financing your education, whether you are attending a four-year college or university, community college, graduate school, or trade, career, or technical school is a difficult task. Fortunately, the U.S. Department of Education offers a wide range of low interest student loans which can help you and your parents cover the costs of your education. There are four main types of loans available to students and their parents: Federal Perkins Loans, Stafford Loans, PLUS Loans, and Consolidation Loans.The Federal Perkins LoanThe Federal Perkins Loan is a low interest student loan offered to undergraduate and graduate students who show significant financial need. The interest rate is fixed at 5% over a 10 year repayment period. The loan program is disbursed by the participating school and is made to students who are enrolled either full or part-time.The Stafford LoanThe Stafford Loan is a student loan offered to undergraduate and graduate students who are enrolled at least half-time in a institution of higher learning. Two types of Stafford Loans exist: subsidized and unsubsidized. A subsidized Stafford Loan does not accrue interest while a student is enrolled in school and is fixed at a rate of 6% for undergraduates and 6.8% for graduates. In order to be eligible for a Stafford Loan, a student must demonstrate financial need. On the other hand, an unsubsidized Stafford Loan accrues interest from the point that the loan is made. Unsubsidized Stafford loans are fixed at a rate of 6.8% for undergraduates and graduates.The Federal PLUS LoanThe Federal PLUS Loan, can be obtained either by parents to pay for the undergraduate education of their dependent children or by graduates students to pay for their own graduate or professional degree. Currently the interest rate for undergraduate loans is fixed at 8.5% and the interest rate for graduate loans is fixed at 7.9%.Consolidation LoanThe Consolidation Loan enables student and parent loan borrowers to consolidate multiple Federal education loans into one loan. Consolidation simplifies the repayment process, allowing borrowers to make one monthly loan.
Some companies which help you save money and assist with loan consolidation include Wells Fargo and FinAid. You can get help with your Loan Consolidation from their websites.