Can i save money by consolidating my student loans
If you just want a quick and easy snapshot, you can visit our Solutions page for Federal Debt Consolidation Loans.You can also call [PHONE_NUMBER] to speak with a student loan consolidation specialist confidentially at no charge.Repayment of a Direct Consolidation Loan will begin within 60 days after the loan is disbursed (paid out).Your loan servicer will let you know when the first payment is due.To ask questions after you have submitted your , contact the servicer for your new Direct Consolidation Loan. mail, your consolidation servicer’s contact information was available when you downloaded or printed the paper application.If you submitted your application online, your consolidation servicer’s contact information was provided at the end of the online process.
Private education loans are not eligible for consolidation, but for some Direct Consolidation Loan repayment plans, the total amount of your education loan debt—including any private education loans—determines how long you have to repay your Direct Consolidation Loan.
In other words, if you have federal student loan debt, you can apply for a new loan through William D.
Ford Direct Loan Program to consolidate your existing loans.
Direct PLUS Loans received by parents to help pay for a dependent student’s education cannot be consolidated together with federal student loans that the student received.
A Direct Consolidation Loan has a fixed interest rate for the life of the loan.