Loan consolidation can also give you access to additional loan repayment plans and forgiveness programs. These processes are often confused but theyre very different.
As such some flexibility will need to remain even after consolidation if schedule contracts are to continue to be viable ways for companies to reach their federal customers.
Consolidation federal. You use a federal direct consolidation to consolidate federal student loan debt into one easy payment. Based out nashville tennessee we bring a southern sensibility of friendly and caring customer service. Basically you refinance the loan or loans into a federal direct consolidation loan where direct consolidation loans come from.
If youve ever used a debt consolidation loan to take care of credit card debt problems you may think you understand how a federal direct consolidation loan works for student loan debt. One potential concern is that gsa contracting officers cos will require strict adherence to the common terms in the consolidated solicitation. The result is a single monthly payment instead of multiple payments.
Complete the loan consolidation application to consolidate multiple federal education loans into one loan at no cost to you. Private consolidation is often referred to as refinancing. There are two types of student loan consolidation.
Under the federal direct consolidation loan program you can combine consolidate all or some of your various federal student loans into one new loan. At federal consolidation inc our highly experienced debt relief specialists have helped thousands of americans with federal student loans that are struggling under the crushing weight of trillions of dollars of national student debt. Once the consolidation is complete you will have a single monthly payment and in some cases a lower monthly payment by extending your repayment period.
It is also possible to consolidate just one federal student loan. This is not idle speculation. A direct consolidation loan allows you to consolidate combine multiple federal education loans into one loan.