Does consolidating my student loans hurt my credit who is nick frost dating

Posted by / 17-Nov-2019 01:39

Does consolidating my student loans hurt my credit

Whom do I contact if I have questions about consolidation?

Private education loans are not eligible for consolidation, but for some Direct Consolidation Loan repayment plans, the total amount of your education loan debt—including any private education loans—determines how long you have to repay your Direct Consolidation Loan.

The federal student loan programs are highly regulated by Congress and the U. There are, however, a few important differences in available repayment plans for FFEL and Direct borrowers.

For example, you must be in the Direct Loan program to qualify for public service forgiveness.

To ask questions about consolidating your loans before you apply for a Direct Consolidation Loan, contact the Student Loan Support Center at 1-800-557-7394.

Guaranty agencies pay off the lenders when borrowers default, and in turn, are reinsured by the Department of Education.

The National Council of Higher Education Resources (NCHER) also has a fact sheet with a list of guaranty agencies.

Repayment of a Direct Consolidation Loan will begin within 60 days after the loan is disbursed (paid out).

Your loan servicer will let you know when the first payment is due.

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