Consolidating stafford and perkins student loans
Consolidation loans taken out before that date had a variable interest rate, determined by the individual FDLP loan origination center (e.g., in the case of a university, that university) or FFELP lender (e.g., a third party bank).In 2005, the Government Accountability Office considered consolidating consolidation loans so that they were exclusively managed through the FDLP.The interest rate may not exceed the maximum rate of 8.25%.Consider the following resources to help you determine if and when consolidating might be the right option for you: If you have questions about the number of loans you have borrowed, the amount of each loan, or your outstanding balance(s), check with the My Federal Student Aid website or National Student Loan Data System (NSLDS).Select 2/Graduated: With the Select 2/Graduated Repayment Plan, you'll be making interest-only payments for the first two years of the loan.This reduces the monthly payment for the first two years of the loan.
Federal Consolidation Loans allow borrowers to combine any number of existing federal educational loans into a single, more manageable loan. Ford Federal Direct Loan Program (Federal Direct Loans).* Most federal educational loans are eligible for consolidation, including subsidized and unsubsidized Federal Family Education Loan Program (FFELP) and Federal Direct Loan Program Stafford and PLUS Loans, SLS, Perkins Loans, FISL, Nursing Student Loans, Health Education Assistance Loans, and Health Professions Student Loans.Effective July 1, 2010, all new federal student loans, including consolidation loans, come directly from the U. Private/alternative loans are not eligible for federal consolidation.Repayment of consolidation loans begins within 60 days of disbursement.Graduate School Federal Loan Consolidation Graduate School Private Loan Consolidation News and Resources Forms Articles Private Tuition Loan Government Relations Financial Aid Professionals Directory of Schools Calculators About Us Contact Us FAQ Site Map Graduate School Federal Loan Consolidation with Graduate School Loans A Graduate School Loans Federal Loan Consolidation offers many great benefits.
A Graduate School Loans Federal Loan Consolidation will give you a fixed interest rate and single monthly payment.
\" column in the list.' ' ' ' ' '' ' Borrowers who use auto-debit are eligible for a .25% interest rate reduction.