Re consolidating already consolidated student loan
Direct Consolidation Loans come with a fixed rate that’s a weighted average of your current student loans, rounded up to the nearest 0.125%.Here’s how to calculate your rate if you choose to consolidate your federal loans: No.
You can apply for a Direct Consolidation Loan online through Student or by downloading and printing a paper application.
Anna Serio is a staff writer untangling everything you need to know about personal loans, including student, car and business loans.
She spent five years living in Beirut, where she was a news editor for The Daily Star and hung out with a lot of cats.
The first step in determining your eligibility for Federal Student Loan Consolidation, also known as a Direct Consolidation Loan, is having a loan that qualifies under the U. However, you could be eligible for a Private Student Loan Consolidation, which usually offers the same benefits.
In addition to having one of the above loans, you will also need to meet other conditions for consolidating your federal loans through the Department of Education.