One of the main advantages of Federal consolidation loan is your payments can be primarily less and you can take a much longer time to repay it. Complementary to this, it might also allow you to pay a lower interest rate than you are paying on existing multiple loans.
You can get Federal Consolidation loan through two different ways:
• Direct Consolidation Loan – the student or parents can contact the Direct Loan Origination Center’s Consolidation Department to get consolidated loans
• FFEL Consolidation Loan – the students or parents can contact the consolidation department to obtain consolidation loan from the holder.
While Direct Consolidation loan is available from the US department of Education, FFEL Consolidation loan is available from participating lenders like banks, credit unions, loan associations. Find out more at Easy College Loans
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment