Benefits of Federal Direct Loan Consolidation
One of the key benefits of Direct loan consolidation is payment relief. By combining all of your direct student loans into one consolidated loan, you can lengthen your repayment term from the standard 10 years to up to 30 years, depending on the amount of your education debts. With a lower monthly payment, you'll have more money available to meet other living expenses, including car payments, housing expenses, and career-related necessities. Because there are no penalties for overpayment, you can make larger payments and reduce your repayment term when it becomes affordable.
Additional Benefits of Federal Direct Loan Consolidation
* Reduce your monthly payment up to 53% or more
* Reduce your interest rate 0.6% by consolidating during your grace period
* Simplified finances - one payment per month
* Improve your credit rating
* No credit checks, fees, or application charges
Requirements to Consolidate Direct Student Loans
* Minimum amount of $10,000 in federal student loans
* Loans must not be in default
* Must be graduated or enrolled less than half time
Other Student Loan Consolidation Programs Include
* Stafford Loan Consolidation
* PLUS Loan Consolidation
* Student Loan Consolidation
* School Loan Consolidation and Private Student Loan Consolidation are all eligible federal programs. Click here for information on Defaulted Student Loan Consolidation
sábado, 17 de novembro de 2007
Federal Direct Loan Consolidation
Direct loan consolidation is a practical repayment tool that enables you to combine all of the federal Direct student loans into a single loan. In addition to reducing your monthly payment up to 53%, federal Direct consolidation provides flexible repayment plans, interest rate reductions, and deferment and forbearance options.
How do you know if you have federal Direct student loans? Below is a detailed list of the different types of federal Direct student loans.
Federal Student Loan Consolidation
Federal student loan consolidation is a fixed-rate refinancing program that combines all of your existing federal student loans into one new loan. Consolidation is a great tool for managing your finances - providing immediate payment relief and long term benefits.
* Reduce your monthly student loan payment up to 53%
* Simplify your finances - make one payment per month
* Improve your credit rating
* Save money today, when you need it most
* Learn how consolidation works in this step-by-step tutorial!
Why consolidate with us?
Get one-on-one personalized customer service. Our loan counselors will educate you on the benefits of federal student loan consolidation and help you determine if consolidating is the right choice. We will explain the consolidation process and the repayment options that are available to you.
Frequently asked questions about student loan consolidation.
Benefits of federal student loan consolidation
One of the key benefits of consolidating your federal school loans is payment relief. Learn why this is best! By combining all of your student loans into one consolidated loan, you can lengthen your repayment term from the standard 10 years to up to 30 years, depending on the amount of your education debts. With a lower monthly payment, you'll have more money available to meet other living expenses, including car payments, housing expenses, and career-related necessities. Because there are no penalties for overpayment, you can make larger payments and reduce your repayment term when it becomes affordable.
Additional benefits include:
* Reduce your interest rate 0.6% by consolidating during your grace period
* No credit checks, fees, or application charges
Request A Free Information Packet And Application!
What are the options for federal student loan consolidation?
Federal loan consolidation can include Federal Stafford Loan consolidation, PLUS Loan consolidation, Direct Loan consolidation as well as Perkins Loans, HEAL Loans and all Federal FFELP and Direct Loans taken to pay for your education. Private student loan consolidation is different - You will lose your federal loan benefits if you consolidate your federal loans into a private loan consolidation.
* Reduce your monthly student loan payment up to 53%
* Simplify your finances - make one payment per month
* Improve your credit rating
* Save money today, when you need it most
* Learn how consolidation works in this step-by-step tutorial!
Why consolidate with us?
Get one-on-one personalized customer service. Our loan counselors will educate you on the benefits of federal student loan consolidation and help you determine if consolidating is the right choice. We will explain the consolidation process and the repayment options that are available to you.
Frequently asked questions about student loan consolidation.
Benefits of federal student loan consolidation
One of the key benefits of consolidating your federal school loans is payment relief. Learn why this is best! By combining all of your student loans into one consolidated loan, you can lengthen your repayment term from the standard 10 years to up to 30 years, depending on the amount of your education debts. With a lower monthly payment, you'll have more money available to meet other living expenses, including car payments, housing expenses, and career-related necessities. Because there are no penalties for overpayment, you can make larger payments and reduce your repayment term when it becomes affordable.
Additional benefits include:
* Reduce your interest rate 0.6% by consolidating during your grace period
* No credit checks, fees, or application charges
Request A Free Information Packet And Application!
What are the options for federal student loan consolidation?
Federal loan consolidation can include Federal Stafford Loan consolidation, PLUS Loan consolidation, Direct Loan consolidation as well as Perkins Loans, HEAL Loans and all Federal FFELP and Direct Loans taken to pay for your education. Private student loan consolidation is different - You will lose your federal loan benefits if you consolidate your federal loans into a private loan consolidation.
Student Loan Consolidation Calculator
Consolidating federal student loans can significantly decrease your monthly loan payment. Use the simple consolidation calculator below to estimate your monthly savings.
You can use estimates for the loan amounts, and you can combine loans with the same or similar interest rates. If you are not sure of your rates, this interest rate chart may help. If you have more than five loans or need assistance at any time, call us toll-free at
You can use estimates for the loan amounts, and you can combine loans with the same or similar interest rates. If you are not sure of your rates, this interest rate chart may help. If you have more than five loans or need assistance at any time, call us toll-free at
Student Loan Consolidation
Student Loan Consolidation is a practical repayment tool that bundles all your federal school loans into one loan, significantly reducing your monthly payment. To calculate your monthly savings, try our student loan consolidation calculator.
Consolidating your federal student loans can reduce your monthly payment up to 53% and simplify your finances by making one payment per month.
Consolidating your federal student loans can reduce your monthly payment up to 53% and simplify your finances by making one payment per month.
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