Direct loan consolidating
There are various repayment options under the Direct Consolidation Loan program, including a standard repayment plan, a graduated repayment plan, an extended repayment plan, the Income-Contingent Repayment Plan (ICR), the Pay As You Earn, and the Income Based Repayment Plan (IBR).
Most federal student loans are eligible to be consolidated under the Direct Consolidation Loan program.
With a Federal Direct Consolidation Loan, which is made by the U. All, some, or just one federal student loan can be consolidated under this program.
Ford Federal Direct Loan Program, it’s possible to combine one or more federal student loans into one new loan.
You'll pay less interest over time under this plan than under other plans.
Extended plans are available for most borrowers with more than ,000 in Direct Loan balances or ,000 in FFELP loan balances.
You remain responsible for interest that accrues on your unsubsidized loans.
Cancer Treatment You may be eligible if you are receiving treatment for cancer.
It's important to understand and carefully consider all factors before consolidating.
Consolidation into the Direct Loan program may allow borrowers with FFELP loans to take advantage of repayment plans or forgiveness options created solely for Direct Loans.