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Federal student loan consolidation
Welcome to the homepage of the U.S. Department of Federal student loan consolidation, which provides loans to help students pay for education after high school. The Department of Education acts as a lender, providing funds for Stafford loans and PLUS loans in the same amounts as the Stafford and PLUS loans offered through the Federal Family Education Loan Program. (In the FFEL Program banks and other private lenders provide these loans.Federal student loan.
 

The Federal student loan repayment program permits agencies to repay Federally insured student loans as a recruitment or retention incentive for candidates or current employees of the agency. The program implements 5 U.S.C. 5379, which authorizes agencies to set up their own student loan repayment programs to attract or retain highly qualified employees.

Federal Student Loan Consolidation

Federal Consolidation helps you to:



The Federal Family Education Loan Program (Federal student loan) is a United States Department of Education program that provides for private organizations to market, originate, and service federally guaranteed loans, such as Stafford and PLUS loans to students and their parents. FFELP is a complement to the Federal Direct Student Loan Program, colloquially known as "Direct". Federal student loan

The private institutions that participate in FFELP include non-profit as well as commercial organizations. These can realize profits on these loans by collecting origination fees and with an interest margin. While FFELP providers traditionally have set their interest rates to what has been offered by the Direct channels, there have been recent indications that they may be competing on price. It is important to consolidate your federal student loans BEFORE consolidating your private student loans. Never combine federal and private student loans under the same consolidation loan because you will lose the benefits associated with federal loans by doing so. Federal student loans have several advantages over private student loans: lower interest rates, tax-deductible interest, and the opportunity to extend your payment period up to 30 years through consolidation. In addition, there are situations in which your debt can be deferred, or even forgiven, if you return to school. It is simple and fast to receive your student loan quote through DebtHelp. Please follow the link below to our secure form.

Here’s why students choose Consolidation Loans from

  • A full 1.25% interest rate reduction available from Wachovia during repayment
  • A reduced monthly payment
  • Pre-approval in minutes
  • Flexible student loan repayment options
  • No penalty for paying this loan back early

Loan Amounts

Loans are awarded for both undergraduate and graduate students with a serious financial hardship. The maximum annual amount disbursed for an undergraduate is $20,000 and for a graduate student, $40,000.

Repayment

Repayment on a Perkins loan begins approximately 90 days after you graduate or drop below half-time at an academic institution. This grace period is usual with most student loans and allows the student to find a job before regular monthly repayments commence. The average length of repayment of the debt is approximately 10 years without any deferments.

In the case of financial hardship, loan repayment may be rescheduled. If you received a Perkins Loan your college has detailed consolidate loan student
Stafford    :    Federal    :    Private    :    Private St    :
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