A Direct Student loan Consolidation allows you to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment instead of multiple payments. Once your loans are combined into a Direct Consolidation Loan, they cannot be removed. The loans that were consolidated are paid off and no longer exist. There are several repayment plans that are designed to meet the different needs of individual borrowers. To receive more detailed information on the repayment options your are eligible for contact a professional at studentloansconsolidated.com you can apply here or call 877-698-2733 for your free consultation.
A Direct Consolidation Loan has a fixed interest rate for the life of the loan. The fixed rate is based on the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of 1%. There is no cap on the interest rate of a Direct Consolidation Loan