Consolidating fed student loans bookmarking the web 2 0 dating websites

21 Jun

You can consolidate all, just some, or even just one of your student loans.

Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea.

Once you’ve graduated and things start to settle down from the after- graduation excitement, the student loan letters start to trickle in. So how can you keep your head on straight when there are various due dates, interest rates, and lenders? Student loan consolidation gives you the option to combine all of your loans into one new loan.

Even our CEO had 16 different student loans serviced by four different providers when he graduated. In this post, you’ll learn more about student loan consolidation, how to consolidate student loans, and if it is right for you.

You don't have to pay for student loan services or advice.

But the truth is, you have more control than you think.

Department of Education made the landmark decision to allow you to choose your consolidation servicer (of which, Great Lakes is one) under the Direct Consolidation Loan program.

Consolidation gives you the opportunity to choose one of the U. Department of Education's consolidation servicers (of which, Great Lakes is one) to complete and service your Direct Consolidation loan.

That’s what our Student Loan Smarts series is all about—helping you understand all of your options so you can make decisions that fit with your financial goals. Choosing to consolidate or refinance student loans.

But what is consolidation, what is refinancing, and how do you know which one (if either) is right for you? Here’s a simple overview of the different types of student loan consolidation, how they differ from student loan refinancing, and how to evaluate whether you should do one of these things.