Federal Student Loan Consolidations

In the United States both the Federal Family Education Loan Program (FFELP) and the Federal Direct Student Loan Program (FDLP) include consolidation loans that allow students to consolidate Stafford Loans, PLUS Loans, and Federal Perkins Loans into one single debt. This results in reduced monthly repayments and a longer term for the loan. Unlike the other loans, consolidation loans have a fixed interest rate for the life of the loan.

Student Loan News

Public Service Loan Forgiveness? Yes please!
The Department of Education has recently made improvements to the PSLF process. While the requirements remain the same, they are more clear, and there's a variety of new documentation to help get you through the application process.

Contacting your Student Loan Lender
But if you have recently graduated college and are interested in consolidation or deferment of your student loans, you may have to contact your lender. So let's talk about how to do that.

Poll Results: Student Loan Debt
It's awesome, albeit surprising, to see the number of students graduating debt free- conGRADulations! For everyone else, loan repayment might be a growing concern as that 6 month date draws nearer. If you're concerned about making payments for whatever reason, there are some steps you can take to either lower or postpone your repayment.

When do I Receive my Stafford Loan?
Wondering when you actually receive your federal Stafford loan. Here is a look at how these loans are disbursed.

Seniors, graduating with debt?
For seniors, graduation is quickly approaching! Unfortunately, so are those pesky loan repayments, yikes! Complete our online poll and share how much debt you will be graduating with - and see how you compare to your peers!

Loan news provided by Student Loan Network