Us department education consolidating student loans dating millionaire russian
There are a growing number of companies offering student loan refinance and consolidation products.
You should know the interest rate, fees and terms before you agree to consolidate or refinace your loans.
Some consolidation plans allow you to base your repayment on your income.
The interest rate on your new consolidated loan will be the weighted average of interest rates on loans you choose to consolidate, and will be fixed for the life of the loan.
For more information, check with your lender or a financial aid administrator.Both the Federal Direct Loan Program and the Federal Family Education Loan Program (FFEL) offer consolidation loans.Most federal student loans or PLUS loans can be consolidated under a Direct Federal Consolidation Loan.While you are not allowed to consolidate private loans into a federal consolidation loan, avoid the temptation to consolidate your federal loans into a private consolidation loan; you may lose some valuable benefits available in federal student loan programs. If you have outstanding balances on several different federal loans, you may be able to combine them into one new consolidated loan with one monthly repayment.