Consolidating stafford and perkins student loans

However, some of the benefits available in the original student loan may be lost after consolidation. To apply for a consolidation loan, review the information on the website below.

Huffington Post Reader Question Dear Steve, I am at the very end of the grace period since I graduated, and will owe a total of ,000 in student loans (all are government ED loans both Direct and Stafford unsubsidized and subsidized).To lower your monthly payment and simplify loan repayment, consider a Traditional Direct Consolidation Loan.Based on the amount of federal student loans you combine, you may be eligible for up to 30 years to repay your student loans.To qualify, a federal loan borrower must have at least one Direct Federal Stafford, Grad PLUS, Parent PLUS, or Consolidation Loan AND at least one Federal Family Education Loan (FFEL), Federal Stafford, Grad PLUS, Parent PLUS, or Consolidation Loan.Please be aware that other federal loans, such as Perkins Loans, Health Education Assistance Loans (HEAL), Health Professions Student Loans (HPSL), Nursing Student Loans (NSL), and Loans for Disadvantaged Students (LDS) cannot be consolidated through the Special Direct Consolidation Loan but may be included in the Traditional Direct Consolidation Loan.

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