Consolidating stafford perkins loans Free chat finder 1 on 1

Also, loan consolidation may make you ineligible for some types of deferments.

The good news is that the Department explains on its web site that if any loan you want to consolidate is still in the grace period, you can delay entering repayment on your new Direct Consolidation Loan until closer to your grace period end date.Under the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loan.Loans that are not eligible for consolidation include state or private loans that are not federally guaranteed.You may be offered a lower interest rate if you demonstrate a record of on-time, electronic payments.Perkins Loan Consolidation Means Larger Interest Payments over the Life of the Loan Loan consolidation can be a way to manage debt.

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