What is a student loan consolidation – Student loan consolidation is a process through which you take out a new loan which is then used to pay off your other existing student loans. A direct consolidation loan allows you to consolidate multiple federal education loans into one loan at no cost to you.
Student loan consolidation is exactly what it sounds like it s a process through which you can combine multiple student loans into one loan which might have a new lender.
What is a student loan consolidation – Through your completion of the free federal direct consolidation loan application and promissory note you will confirm the loans that you want to consolidate and agree to repay the new direct consolidation loan. Student loan consolidation is a way to combine multiple federal loans into a single direct consolidation loan. Department of education s federal student aid office. What is a student loan consolidation
Instead of having multiple loans and loan payments. By applying through the u s. Essentially after student loan consolidation your old loans will have been repaid but you will have a new loan in their place. What is a student loan consolidation