Consolidating private student loans federal student loans

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The Direct Loan program now has a

The Direct Loan program now has a $1 trillion dollar balance, with a yearly increase in the hundreds of billions of dollars being lent to students.There are quite a few good reasons to consider consolidating your federal student loans.Federal student loan borrowers have the option of consolidating their loans via the Direct Consolidation Loan program offered by the U. That loan is then serviced by the servicer of your choosing – of which Nelnet is one!

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The Direct Loan program now has a $1 trillion dollar balance, with a yearly increase in the hundreds of billions of dollars being lent to students.

There are quite a few good reasons to consider consolidating your federal student loans.

trillion dollar balance, with a yearly increase in the hundreds of billions of dollars being lent to students.

There are quite a few good reasons to consider consolidating your federal student loans.

However, our team also researched other institutions and found some good alternatives for people that want to consider all options before they begin the process of refinancing or consolidating student loans. If you’re concerned about lowering your monthly loan payments, consolidation could be a good option for you.

Consolidation programs exist for both federal and private student loans, but the purpose of this page is to discuss federal student loan consolidations.

For more information of private student loans, click here. W Bush first passed the Direct Loan program in 1992, as an amendment under the Reauthorization of the Higher Education Act.

Are you tired of managing multiple federal student loan payments, with multiple interest rates or multiple servicers? The program may allow you to consolidate your federal loans into one, and select the consolidation servicer of your choice.

The Direct Consolidation Loan program is offered by the U. Department of Education to federal student loan borrowers.

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