Consolidating undergraduate graduate loans
During this period of time, eligible borrowers will receive an additional interest rate reduction on a portion of the loans consolidated.To qualify, a federal loan borrower must have at least one Direct Federal Stafford, Grad PLUS, Parent PLUS, or Consolidation Loan AND at least one Federal Family Education Loan (FFEL), Federal Stafford, Grad PLUS, Parent PLUS, or Consolidation Loan.Want to simplify your life with one monthly payment? There is one caveat: federal student loans can be combined into Federal Direct Loan Consolidation but private student loans can't.To lower your monthly payment and simplify loan repayment, consider a Traditional Direct Consolidation Loan.Eligibility depends on the school attended and a credit check. Private student loan amounts vary by lender and typically have minimum loan amounts, annual borrowing limits based on the cost of education less other financial aid, and aggregate lifetime loan limits.
Your new rate will simply equal the weighted average of your current rates.Now that you are facing the stress of dealing with the repayment of your student loans, you may want to opt for consolidation.Consolidating student loans can be tricky, and several factors need to be taken into consideration when making your decisions.Consolidation and refinancing have become hot topics in the world of student loan repayment.Most individuals repaying a student loan (or several) have heard the terms, but don’t understand what they mean, or how they differ.