Because of the financial crisis that is happening globally, many students are having difficulties in making their payment for their student loans. Luckily, these students don’t have to file for bankruptcy just so they can find a way out of this difficult financial situation. One way out of this dreaded situation is through direct consolidation loan. [Read more…]
Federal Direct Consolidation Loan
A federal direct consolidation loan would provide a student as well as their parents with a more convenient way to pay off your existing student loans. This is especially true if your outstanding loans are a combination of loans that include the Perkins Loans, Direct Loans and FFELP Loans. The thing with having a direct consolidation loan is that all of your current outstanding loans would be repaid and in its place; a new loan would be created, one that would have a single repayment period as well as a single combined interest rate thus making it easier for you to handle. What if you only have a single student loan to pay? You can also consider getting it converted into a direct consolidation loan. [Read more…]
