Consolidation combines loans into one payment that is monthly one servicer. Consolidating your loans can make it much easier to keep an eye on your loans when you have several education loan with over one servicer or business.
There are two main forms of consolidation loans. The sort of consolidation loans accessible to you is based on whether you’ve got federal or student that is private.
Federal Direct Consolidation Loan
You have the option to combine all or some of your federal student loans into a federal Direct Loan Consolidation if you have federal student loans. Continue reading