If you have several federal student loans, you may be able to combine or consolidate them into one loan. You may consider this option in order to:
- Lower your monthly payment amount by extending the repayment period,
- Lock in a fixed interest rate for the entire repayment period of the loan, and/or
- Combine multiple loan balances under a single loan holder the U.S. Department of Education (ED) so that you have to make only one monthly payment.
Remember, however, that you are not required to consolidate your federal student loans. Consolidation is a decision that you should not take lightly. Because consolidation is often a one-time decision, you'll want to learn as much as possible before deciding.
Access the Direct Consolidation Loans website for more information about obtaining a Direct Consolidation loan.
If you have already obtained a FFELP Consolidation loan, see Frequently Asked Questions for additional information.
Here are other documents located on www.tgslc.org that you may be interested in:
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Federal Direct Consolidation Loans TG Online
Get to know AIE Get all the information you need about planning and paying for college from TG's Adventures In Education website.
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Get to know AIE Get all the information you need about planning and paying for college from TG's Adventures In Education website.
Direct Consolidation Loan - Borrower Services
has implemented a new Direct Consolidation Loan You may be able to combine your existing Federal education loans into one new consolidated
Consolidation Calculator - TG | Promoting educational ...
Consolidation Calculator. The tools and calculators are provided as a courtesy by TG to help you estimate Federal Direct Consolidation Loans
Direct Consolidation Loans - Welcome!!!
The Direct Consolidation Loans Programs and the Direct Loan These programs simplify loan repayment by combining several types of Federal education loans
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and financial aid professionals about the U.S. Department of Education's Direct Loan Program. Federal Student Aid. ED.gov. End of Page
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