Can I Consolidate My Government Student Loan?
45835
Finance > Debt Consolidation
Oct 4, 2007
marclindsay
Can I Consolidate My Government Student Loan?
When consolidating your student loans you'll be combining your federal and single loans with only one single monthly repayment. This can reduce you repayments which are required under the 10 year repayment plan. Only lenders that are under the Federal Family Education Loan (FFEL) program can provide consolidation loans. So you can consolidate your loans with banks, credit unions, secondary markets and other lenders besides private education lenders. The government provides their loans under the William D. Ford Federal Direct Loan (Direct Loan) program. If you have a federal education loan then you're most likely eligible for student loan consolidation. This also applies to subsidized and unsubsidized Direct and FFEL loans, Federal Nursing loans, SLS and Health Edu Assistance loans. But if you have a student loan that is private then you won't be able to consolidate your federal loan. And if you're a parent then you'll also be able to qualify for loan consolidation. Once you've figured out that you need to consolidate your federal loans then the next step is finding the right lender. If you want to apply for a Direct Loan consolidation or a FFEL consolidation you can apply online. Just do a quick search for direct loan or FFEL loan consolidation and visit the top 3 lenders websites. There will be online application available for you and you can even get a response within days. You can also contact the lender to apply via telephone if you're not sure about the online application. You'll receive the standard consumer disclosure statements and all the fine print detail which I suggest you read very carefully. Make sure when you read the fine print to any loan that you look for any hidden fees. Nothing worse then signing up to a lender who's going to make you pay more for you loan then you expected. Hidden charges are very common with low interest rates. You don't want to look for a lender who's offering the lowest rate in town without any pre requirements from you. Most lenders offer average rates but if you pay on time or if you open up a banking account with them you can lower your rates. You should compare rates between various lenders before you consider signing up. Ask each lender about all their hidden charges. They have to tell you any hidden charges if any by law. Compare rates and repayments thoroughly. You'll soon find which lender has the better offer which is often not the lowest interest rate. It pays to be through so good luck with your consolidation loan hunting.
Consolidate Student Loans and Student Loan Consolidation information, reviews and tips to help you with your student finance.
send email to marclindsay
Write a Review
Add to My Favorite
Refer it to Friend
Report Article
Other links owned by this user
Are you planning a baby shower? Stuck on what to do? Not sure where to look? To plan and run a successful baby shower you will need to select a theme that will please the parents to be. Firstly a baby shower is not just a party. It's for memories for many
Category:
If you are planning for a baby shower be it your own, for a family, or friend you want to make sure you set the right theme for it. When selecting a theme make sure you include the right designs to coordinate with the type of theme. For example you'll nee
Category:
Unbelievably there are literally hundreds of free online car auction sites that can help you to either sell or buy your car.
Category:
Sudoku is a new craze that is taking the puzzle world by storm. It's gone from a little known topic, to having over a million searches a month on the web...
Category:
Learn why its important to train your dog and how you can train your dog even if its not a new dog. Find out simple things you can do to train your dog.
Category:
Anxiety disorder affects more people than you think. Millions of people suffer from anxiety disorders however the majority of them keep in to themselves. That's why it's important for more people to learn what it is so they can help their friends and fami
Category:
Find out the hidden dangers of free adware removers. There's a differece with totally free and free trial adware removers.
Category:
Learn how college loan consolidation works and how it can benefit your financial and educational future.
Category:
The difference between depression and bipolar depression is in the severity mentality and behaviour. A person suffering fro bipolar depression is said to have manic episodes. It's a severe episode and will repeat itself four times in ten years on average
Category:
The sports betting industry is currently growing astronomically. If you didn't already know some sportsbooks are not always equal. Sometimes a site maybe there just so they can take your money.
Category:
Clarinex is a medication which can be taken year-round by those who suffer from allergies
Category:
Most areas have a dog training school that takes puppies and more mature dogs alike and if you are in the early stages of obedience training then taking your puppy or dog to one of these schools is a very useful step.
Category:
Ever wanted to know where to find free dog training tips? You'll be amazing on how simple it is to find tips on training you dog.
Category:
They say that those people who have Polycystic Ovarian Syndrome (PCOS) are often considered obese and find it really hard to lose any kind of weight without considerable effort. Of course it is hard, but it's hard for everyone and using PCOS, as an excuse
Category:
Corporations around the world literally spend billions upon billions of dollars trying to attract your (the consumers) attention.
Category:
Do it your self video course are avaliable over the internet but the problem is find the right ones. Find out how to search for good dog training videos.
Category:
Ever wanted to know the benefits of service dog training? Here's a quick summary of what to expect in service dog training.
Category:
Have you ever looked for a new or second hand car online? Did you find a great deal or did you have to spent hours looking can calling for a deal?
Category:
Proper ways to getting your dog into search and rescue training. Quick summary of courses and what you'll need to know to get started.
Category:
Learn puppy obedience training the right way. Find out why you should train your puppy from young and get a few tips on how to start your new puppy obedience training.
Category:
Other links at Finance > Debt Consolidation
As the name itself indicates, a debt consolidation loan helps compile all debts on hand into a single loan. At present you may owe several different loans like wedding loan, secured loan, grocery and store bills, credit card outstanding and education loan
Category:
What are the advantages of buying debt leads? The information they provide can help you find customers in a timely manner and, once new clients are found, the leads turn into profit through a debt lead management program.
Category:
If you are over four figures in debt to various creditors, you will probably need the services of a bad credit repair service. However, if you owe four figures or less to one or two creditors, chances are you may not need this service if you're willing to
Category:
Are you stressed out from the constant rise in debts and fall in credit standing. Then, a credit card debt reduction program can give you some relief. Yes, companies and professionals offering such consolidation loans have various programs in store for yo
Category:
Find out why your Credit Report is so important and what you can do to improve your score to get that loan and reduce your interest rate while getting better terms.
Category:
Site Sponsor
Directory Statistics
Articles: 68285
Categories: 501
Yahoo Entertainment
