| If you have any government student or school loans | | | | biggest advantage of this loan consolidation is that it |
| a direct loan consolidation allows you to combine all | | | | costs nothing to apply for this loan program and |
| your government school debt into one direct loan. | | | | there will be no new fees. Another thing to consider |
| Many benefits can be achieved by student borrowers | | | | is deferment options, as they can often be restarted |
| as a result of participating in this government | | | | by this consolidation. Borrowers who have used |
| program. This government sponsored program makes | | | | deferment options available to them in the past need |
| it simpler for both current and former students to | | | | not worry as there are some new options they can |
| track and manage their school debt as there will only | | | | chose from. Individuals with unpaid amounts on their |
| be one payment per month. Students both former | | | | current debt often have more options with this loan. |
| and current would owe their debt to the US | | | | One of the biggest features of direct consolidation |
| Department of Education since they are the only | | | | loan is usually a major reduction in monthly payments. |
| debtor for a direct consolidation loan. | | | | The overall reduction in monthly commitment |
| All students really should contact the direct loan | | | | minimizes the strain on the individual. Typically, the |
| servicing center as they could offer you flexible | | | | combined payments of various Government |
| choices for repayment. Varying needs of individuals | | | | Education Loans are higher than the minimum required |
| are met by these accommodating payment | | | | payment in the direct loan consolidation. |
| possibilities. Additionally, it may be possible for | | | | Borrowers who prefer to combine their student loans |
| students to change their repayment plan option at | | | | in the direct consolidation loan's subsidy proportion are |
| any time. | | | | eligible to retain some of the features offered from |
| The federal loan consolidation programs other | | | | the subsidy. These are a few of the most significant |
| advantage is that no minimum loan amount is needed | | | | advantages of a federal direct consolidation loan. |
| to participate any amount will qualify. Probably the | | | | |