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Federal student loans are eligible for consolidation through the U.S. Department of Education’s Direct Consolidation Loan program. Private student loans can be combined through a process more ...
Lose progress toward federal forgiveness programs: Consolidating into a Direct Consolidation Loan could cause you to lose your progress on federal programs like PSLF or an existing income-driven ...
If your federal student loans are in default (meaning that you’ve missed 270 days of payments), you can take action in one of two ways: student loan rehabilitation or consolidation.
Consolidation can streamline your student debt and reduce your monthly payment. But it's not for every borrower. The Pros and Cons of Student Loan Consolidation
The Federal Loan Consolidation Program was created in 1986. In 1998, the United States Congress changed the interest rate to the aforementioned fixed rate weighted mean, effective February 1, 1999.
To take advantage of this program, borrowers who hold commercially managed FFEL, Perkins, Health Education Assistance Loan (HEAL) Program have to apply for a Direct Consolidation Loan by April 30.
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