If you are already consolidated but have one loan which is not, you can add that one loan into the consolidation.
I am already consolidated, can I consolidate again? Can I delay my application so I dont lose my grace period? Will consolidating clear the default notation from my credit? This allows your payment to be based on your annual income, which often times will allow you to qualify for a very small payment and in some cases even a payment amount of zero.
Can I consolidate if I am currently enrolled in school? There are multiple plans to repay your student loan, one of which is the Income Based Repayment Plan.
You will only have to worry about one payment instead of multiple payments. Further, within this program there are options that can help make payments more affordable to certain borrowers and may forgive some portion of the loan balance at the end of the loan term. Back to Top In many cases yes, your payment in the new consolidated loan can be lower than your current payment.
Back to Top Consolidating student loans will put all your existing loans into the Federal Direct Loan Program with the Department of Education.
• Perkins Loans generally have lower interest rates but less flexible repayment periods. Back to Top Yes, you can consolidate certain health professions loans sponsored through the U.
S Department of Health and Human Services with other Federal Education Loans.
You must still include at least one Direct Loan or Federal Family Education Loan to qualify.
Can consolidate my loans or apply for government programs myself? You can certainly contact the Department of Education and see what programs you qualify for and apply.
We find that many consumers prefer to work with our company since we have expertise work on their behalf to educate them about the programs available to them and streamline the process to get them in the pest programs for their situation.