Get cash back for consolidating your student loans

Top will let you know when the first payment is due.

If any of the loans you want to consolidate are still in the grace period, you have the option of indicating on your Direct Consolidation Loan application that you want the servicer that is processing your application to delay the consolidation of your loans until closer to the grace period end date.

The fixed rate is based on the interest rates on the loans you are combining.

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From there, you can either complete and submit the feedback form or select “Additional Information” and contact the Student Loan Support Center at the phone number provided.

To ask questions after you have submitted your , contact the servicer for your new Direct Consolidation Loan. mail, your consolidation servicer’s contact information was available when you downloaded or printed the paper application.

The standard payback period is 10 years, but there are other programs where you can extend payment to 20 years or more.

With some plans, if you stay on time with your payments, any remaining debt after 20 or 25 years may be forgiven.

Moreover, if a borrower dies before paying off a federal student loan, the government does not require that the estate or heirs continue paying back the debt.

Banks, credit unions and online lenders also offer student loan consolidation.

Unless the loans you want to consolidate are in a deferment, forbearance, or grace period, it’s important for you to continue making payments on those loans until your consolidation servicer tells you that they have been paid off by your new Direct Consolidation Loan.

top This depends on where you are in the consolidation process.

If you submitted your application online, your consolidation servicer’s contact information was provided at the end of the online process.

Getting schooled on the differences of each option will help you choose the student loan consolidation that makes the most sense for you. You are not permitted to add any private student loans you obtained from a bank or credit union into loans you want to consolidate through the Federal Direct Consolidation Loan program.

government, such as Stafford loans, Perkins loans and parent PLUS loans can be consolidated into a Federal Direct Consolidation Loan.