What does consolidating your federal education help with and not help with?
It is best to learn about consolidation so you can learn about the pros and cons and decide if Direct Consolidation Loan is best for you.
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When am I able to consolidate my loans?
After you graduate, leave school, or drop below half-time enrollment is when you are eligible for consolidation.
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What if I have federal student loans that are with different loan servicers?
Actually, consolidation would be simplifying loan repayment by giving you a single loan with just one monthly bill.
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What if I am being contacted by private companies that offer help applying for a Direct Consolidation Loan for a fee?
Those companies have no affiliation with the US Department of Education loan servicers and there is no reason to pay anyone for assistance.
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Could I apply for a Direct Consolidation Loan online?
Yes, you can complete and submit an application for Direct Consolidation online or if need be you can download and print a paper application for submission by mail.
Did you submit your application electronically or by mail yet?
Yes, I have submitted the application electronically.
The consolidation servicer will complete the actions required to consolidate your loans and they will also be your point of contact for any questions.
