how do you consolidate student loans

Best answer


Enter which loans you do 鈥?and do not 鈥?want to consolidate.Choose a repayment plan. You can either get a repayment timeline based on your loan balance or pick one that ties payments to income. …Read the terms before submitting the form online. Continue making student loan payments as usual until your servicer confirms consolidation is complete.

People also ask


  • How to consolidate your federal student loans?

  • How to Consolidate Your Federal Student Loans. You can apply for a Direct consolidation loan from the U.S. Department of Education through StudentLoans.gov. You can apply electronically or get a paper application.

  • How long does it take for student loan consolidation to start?

  • Your repayment term will generally start within 60 days of when your consolidation loan is first disbursed and will be based on your total federal student loan balance, among other factors. Should I consolidate my student loans?

  • What is a Direct Consolidation Loan?

  • A Direct Consolidation Loan allows you to consolidate multiple federal education loans into one loan at no cost to you. Through your completion of the free Federal Direct Consolidation Loan Application and Promissory Note, you will confirm the loans that you want to consolidate and agree to repay the new Direct Consolidation Loan.

  • What is the difference between student loan consolidation and refinancing?

  • A federal student loan consolidation gives you the weighted average of your existing loans as your new interest rate. Repayment options: With a federal student loan consolidation, you may qualify for more repayment options, such as income-driven repayment. With refinancing, you鈥檒l have a range of term lengths to choose from.

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