Start Reconsolidating a student loan

Reconsolidating a student loan

It is quite common for people with student loans to deal with 10-12 lending institutions, which means 10-12 payments and 10-12 due dates each month.

You can’t include private loans when consolidating through the federal Direct Consolidation Loan program.

You can include federal loans when consolidating with a private lender, but you lose the perks associated with federal loans so it’s best not to mix the two.

You can consolidate Direct Student Loans using one of several income-based repayment plans and there are loan forgiveness programs.