Array

An Overview of Student Loan Debt Consolidation

Must Read

How To Use Your Home Equity Line Of Credit For Home Remodeling

A home equity line of credit is a great way to fund your home remodeling and improvement additions. Here...

Project Management – Why can not the technology projects

To understand why technology projects, it is important that the role of people (often referred to as the "godfather"...

Eligibility and Benefits of Debt Consolidation

Debt consolidation means taking one loan to pay off others. In the recent times we have seen a number...

Visualizing the Values, A Simple Animation

It is not very intuitive to make sense of the accelerometer values. Let’s build an application to draw the...

Student Loan Debt Consolidation – An Overview Of Federal Loans

Though there are no deadlines in federal loan consolidation programs, there are certain things to keep in mind:o Your loans...

Loan Modification Program? Shocking Facts Nobody Dares to Tell About Obama’s Loan Modification Plan!

Sadly the news continues to pour in from across the country and no economic sector has been left out....
Admin
test

A student loan debt consolidation loan allows you to combine your federal student loans into a single loan with one monthly payment. The repayments of a student loan debt consolidation loan can be significantly lower than the payment required under the standard 10-year repayment option. Under the Federal Family Education Loan (FFEL) Program, banks, secondary markets, credit unions, and other lenders provide the student loan debt consolidation loan. Under the William D. Ford Federal Direct Loan (Direct Loan) Program, the federal government provides the student loan debt consolidation loan.Most federal education loans are eligible for inclusion in a student loan debt consolidation loan, including subsidized and unsubsidized Direct and FFEL Stafford Loans, SLS, Federal Perkins Loans, Federal Nursing Loans, and Health Education Assistance Loans. However, private education loans are not eligible for inclusion in a student loan debt consolidation loan.To find out which loans can be included in a student loan debt consolidation loan contact the Direct Loan Origination Center’s Consolidation Department if you’re applying for a direct student loan debt consolidation loan. Contact a participating FFEL lender if you’re applying for a FFEL student loan debt consolidation loan.It is worth noting that you are still eligible for a student loan debt consolidation loan after you graduate, leave school, or drop below half-time enrollment. You can also get a student loan debt consolidation loan while you’re in school. You must, however, be attending at least half time and have at least one Direct Loan or FFEL in an ‘in-school period’ which generally means that you have been continuously enrolled at least half time since the loan was disbursed. There are a number of conditions that need to be met for you to qualify for a student loan debt consolidation loan, especially if you are delinquent or in default and your loan holder will be able to give you all the necessary information.If the same holder holds all the FFEL loans you want to consolidate, you must obtain the student loan debt consolidation loan from that holder, unless you haven’t been able to get a loan with income-sensitive repayment terms that are acceptable to you. To be eligible for a William D. Ford direct student loan debt consolidation loan, you must have either a direct Stafford subsidized or unsubsidized loan that will be included in the student loan debt consolidation loan or have at least one Federal Family Education Loan (FFEL) program Stafford subsidized or unsubsidized loan.

Latest News

Digital Marketing for Beginners

Digital marketing for starter, Let to basic learning about connecting with your audience in the right place at the...

More Articles Like This