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If you’re like most students, you don’t just have one federal student loan…you have several. Loans with different names, amounts and repayment terms. On top of that, you may be paying several different loan servicers. This can make managing and tracking your federal student loans difficult and frustrating.
A Direct Consolidation Loan allows you to combine your federal student loans into a single loan with a single loan servicer that you choose. When you consolidate, you lock in your interest rate and make one payment. In addition, a Direct Consolidation Loan may make you eligible for repayment plans for which you may not otherwise be eligible.
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