Consolidating federal school loan
It's a good idea to start shopping for a loan early in the process. It is possible to qualify for these loans on your, but more often the successful applicant will come in with a co-signer. School loan consolidation - Information on eligibility and rationale for consolidating (or not consolidating) your student loans.CFDA Number: 84.268 Program Type: Loans Also Known As: Direct Loan program; Direct Loans.Whether you have federal student loans (such as Stafford, PLUS, or Federal Perkins loans) or private student loans, there are a number of student loan consolidation services that can help you consolidate your loans into one single debt.This can result in lower interest rates, and, in some cases, dramatically reduced monthly loan payments.
A loan that combines two or more federal education loans into a single loan. Department of Education and does not require borrowers to pay an application fee.
Direct Loans includes four components: Direct Loans, Direct Unsubsidized Loans, Direct PLUS Loans, and Direct Consolidation Loans.
Are you tired of managing multiple federal student loan payments with multiple interest rates or multiple servicers? The online application should then only take you about 30 minutes to complete.
Since you must select a repayment plan on your application, start by determining which plan makes the most sense for your situation.
To identify your current plan with Great Lakes, and to investigate other plans, select tab to estimate your monthly payment under various repayment options.