The Complete Guide to Federal Direct Student Loan Consolidation
Federal direct consolidation is an essential move for some student loan borrowers and a huge mistake for others.
Did you know?
Consolidation can cause your debt to temporarily double on your credit report.
This happens when the new loan is reported to the credit bureaus, but the old loans are not yet removed.
Servicer Selection
Federal consolidation is one of the few times that borrowers get to pick their loan servicer.
Borrowers considering PSLF should select MOHELA as they handle all of the PSLF applicants.
Federal direct consolidation is an essential move for some student loan borrowers and a huge mistake for others.
Federal direct consolidation can have a huge influence on the IBR and PSLF loan forgiveness clocks.
Between lawsuits and changing rules, its become very difficult for FFELP borrowers to figure out a plan for their student loans.
Consolidating and refinancing are both options to streamline repayment and quickly eliminate Aidvantage student loans, but it is critical to make the right selection.
New rules mean borrowers with FFEL loans can qualify for Public Service Student Loan Forgiveness, but consolidation is a required first step.
Consolidation of AidVantage loans may be a smart move in your quest to eliminate student debt. Learn how it works and the mistakes to avoid.
Consolidation is essential for some borrowers and extremely risky for others. There are exactly four situations where it makes sense to consolidate federal student loans.
Separating scammers from legitimate student loan companies can be difficult.
Student loan consolidation is a legitimate process, but calls advertising consolidation services are often scams.