The Benefits Of A Direct Consolidation Loan For Students
The options for students who consider to consolidate debt loans abound. Consolidate debt loans thru the U.S. Department of Education program would be the best option. Direct Consolidation Loans allow borrowers to combine one or more of their Federal education loans into a new loan that offers several advantages. One Lender and One Monthly Payment: With only one lender and one monthly bill, it is easier than ever for borrowers to manage their debt. Borrowers have only one lender, the U.S. Department of Education, for all loans included in a Direct Consolidation Loan. Flexible Repayment Options: Borrowers can choose from four different plans to repay your direct consolidation loans, including an Income Contingent Repayment Plan. These plans are designed to be flexible to meet the different and changing needs of borrowers. With a Direct Consolidation Loan, borrowers can switch repayment plans at anytime.
