Consolidating federal loans sallie mae dating culture in usa
When you apply for a Direct Consolidation Loan, you don’t have to consolidate all of your eligible loans. If consolidation would cause you to lose the benefits associated with some of your current loans and you are working toward earning those benefits, you should not include those loans in your new Direct Consolidation Loan.To request technical assistance while you are signed in and completing the online, select the “Contact Us” tab in the top menu bar of Student From there, you can either complete and submit the feedback form or select “Additional Information” and contact the Student Loan Support Center at the phone number provided.Bear in mind, though, that this may result in paying more interest over time.Lenders have specific criteria you must meet in order to qualify for refinancing.Repayment of a Direct Consolidation Loan will begin within 60 days after the loan is disbursed (paid out).
To ask questions about consolidating your loans before you apply for a Direct Consolidation Loan, contact the Student Loan Support Center at 1-800-557-7394.
You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee. There’s no need to pay anyone for assistance in getting a Direct Consolidation Loan. The loans that were consolidated are paid off and no longer exist.
For example, if you have both Direct Loans and other types of federal student loans, and you have been making payments toward PSLF on your Direct Loans, you should not consolidate your Direct Loans along with your other loans.
You can also lower your monthly payments by extending the term of your loan.
Many people are able to reduce their payment amounts by over 0 a month.