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To ask questions about consolidating your loans before you apply for a Direct Consolidation Loan, contact the Loan Consolidation Information Call Center at 1-800-557-7392.
To request technical assistance while you are signed in and completing the online, select the “Contact Us” tab in the top menu bar of Student
household has ,662 in credit card debt and ,172 in student loan debt. But despite the lower average balance, credit cards might pose a greater threat to your financial well-being than student loans.
So, if you’re neck-deep in credit card debt, find out how using a personal loan to pay off credit cards could be a good option for you.
You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee. There’s no need to pay anyone for assistance in getting a Direct Consolidation Loan. The fixed rate is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of one percent.allows you to consolidate (combine) multiple federal education loans into one loan. Direct PLUS Loans received by parents to help pay for a dependent student’s education cannot be consolidated together with federal student loans that the student received.The result is a single monthly payment instead of multiple payments. Refer to the complete list of federal student loans eligible for consolidation in the application.If you submitted your application online, your consolidation servicer’s contact information was provided at the end of the online process. Between sky-high interest rates and low minimum payments, there’s no end in sight for some borrowers.