What are the benefits of a Direct Consolidation Loan?
Direct Consolidation Loan allows 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 one lender, the U.S. Department of Education, for all loans included in the Direct Consolidation Loan. Flexible Repayment Options. Borrowers can choose from four different plans to repay their consolidation loan(s), including an Income Contingent Repayment Plan. These plans are designed to be flexible to meet the different and changing needs of borrowers. With a consolidation loan, borrowers can switch repayment plans at anytime. No Minimum or Maximum Loan Amounts or Fees. There is no minimum amount required to qualify for a Direct Consolidation Loan! In addition, consolidation is free. Varied Deferment Options. Borrowers with consolidation loans may qualify for renewed deferment benefits.
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 their Direct Consolidation Loan, 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. No Minimum or Maximum Loan Amounts or Fees There is no minimum amount required to qualify for a Direct Consolidation Loan! In addition, consolidation is free. Varied Deferment Options Borrowers with Direct Consolidation Loans may qualify for renewed defe
