Share post
Debt Consolidation Forums Student Loans and Education Debt forums

Is there any way to consolidate federal student loan debt?

member profile picture
Posts: 1
Credits: 21.85
[Donate]

Is there any way to consolidate federal student loan debt? I know that I can't consolidate them though a consolidation program.




You can consolidate your federal student loans the Department of Education. You can combine multiple federal student loans into one federal one. It won't help to lower your interest rate. But it would help to lower your monthly payments by extending the loan term. You have to pay only one monthly bill every month. Visit studentloans.gov and go to “Complete Consolidation Loan Application and Promissory Note.” It will take around 30 minutes to fill it out. Gather all the required documents and choose the type of federal student loan you wish to consolidate.

Sub: #1 posted on Thu, 11/08/2018 - 04:15

David Martin David Martin

(Posts: 103 | Credits: 10.28)

Yes, you know it right. You can't repay federal student loans through a consolidation program. However, if they are private ones, then you can as they'll be treated as personal loans. So, check out a suitable federal student loan repayment program to pay back your student loan debt. They are really helpful.

Sub: #2 posted on Thu, 11/08/2018 - 23:57

Ryan Miller Ryan Miller

(Posts: 35 | Credits: 3.65)

Yes, you know it right. You can't repay federal student loans through a consolidation program. However, if they are private ones, then you can as they'll be treated as personal loans. So, check out a suitable federal student loan repayment program to pay back your student loan debt. They are really helpful.

Sub: #3 posted on Thu, 11/08/2018 - 23:57

Ryan Miller Ryan Miller

(Posts: 35 | Credits: 3.65)

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


Page loaded in 0.221 seconds.