Consolidating direct federal student loans wireless network stuck validating identity
The interest rate on the federal consolidation loan would be This would then be rounded up to the nearest one-eighth of a point, or 3.75%.
Federal education loans also offer death and disability discharges; only a handful of private student loan programs offer similar discharge options.
Instead, several lenders offer private consolidation loans for consolidating or refinancing private student loans.
The new private consolidation loan pays off the balances on the private student loans.
To be eligible for Federal Loan Consolidation, borrowers must have at least one loan from the Federal Direct Loan program or Federal Family Education Loan (FFEL) program that is not in an “in-school” status.
Defaulted loans may be consolidated in certain circumstances.