Direct loan consolidating
Instead of multiple payments throughout the month, you can have a single – and sometimes lower overall – monthly payment.
While a Direct Consolidation Loan can be a great choice in certain situations, it’s not always the best strategy, nor are all loans eligible.
Plus, if you are eligible for Public Service Loan Forgiveness (PSLF), which provides tax-free forgiveness after 120 qualifying payments, it’s to your benefit to consolidate so that you’re eligible for income-driven plans.
Consolidating your student loans won’t necessarily lower your interest rates.
Instead, the process involves taking the weighted average of the old loans and adding a small percentage on top.
We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.
The rates and terms listed on our website are estimates and are subject to change at any time.
If you consolidate your loans, the qualifying payments you made don’t transfer to the new loan. If you have these loans and consolidate, you’ll no longer qualify for loan cancellation under that program.