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, that is in default status to qualify for a Direct Loan Consolidation.
Borrowers can be able to combine an existing Federal education loans into one new consolidated loan that offers several advantages. Be sure to ask the lender whether there is a minimum balance to obtain the discounts. This lender has rights to change or discontinue its loan discount programs at any time without notice. Borrower should always check the lender’s web site for the latest information on their borrower benefit programs.