You can lengthen your repayment term

Payment relief is one of great benefits of consolidating federal school loans. By combining all of student debts into one consolidated debt, you can lengthen your repayment term from the standard ten years to up to thirty years, depending on the amount of your education debt. So, if you’re having trouble meeting your student payments, [...]

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Consolidation can greatly simplify loan repayment

Direct loan consolidation allows you to combine multiple federal student loans into one loan; but it also can result in loss of some benefits. Once your loans are combined into a direct consolidation loan, they cannot be removed. The loans that were consolidated are paid off and no longer exist. Carefully consider whether direct loan [...]

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Making smaller payments over a longer time

Federal student loan consolidation allows you to combine one or more existing student loans into one single consolidation loan with a new repayment schedule. You will have lower monthly payments, but you will pay much higher interest over the life of the loan because you will be making smaller payments over a longer time. When [...]

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You can combine an existing Federal education loans

Borrowers, who don’t have yet Direct Loans can be eligible for a Direct Loan Consolidation if they include at least one Federal Family Education Loan, and have been unable to obtain a Federal Consolidation Loan with a Federal Family Education Loan lender. Borrowers must have at least one Direct Loan or Federal Family Education Loan, [...]

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