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Financial Aid, school loans.#School #loans


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tuition with Bill Me Later !

The Norton School of Lymphatic Therapy offers continuing education loans to allow all qualified candidates to pursue lymphedema certification. If you are seeking lymphedema therapy training to advance or change your career, our loan packages allow you to achieve those goals if professional or personal financial circumstances make the cost of training prohibitive. Continuing education loans from the Norton School have been designed specifically to help you finance your lymphedema certification.

Our continuing education loans offer competitive rates for borrowers. Our pricing is structured so you get the best possible borrowing terms based on your credit history.

Our repayment terms are highly flexible, offering repayment periods ranging from 6 to 36 months. This flexibility allows you to keep your monthly payments low and affordable. You can also prepay your loan, either in full or in part, at any time to lower your total loan cost with no penalty.

To begin your continuing education loan application, please download our pre-approval form below. Please print this form, complete it along with your signature, and fax or mail it to us. Once we receive it, we will begin processing your form immediately. Once you have been pre-approved, we will contact you to complete the remainder of your application. We look forward to seeing you in one of our upcoming courses!

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Student Loan Consolidation vs Refinancing, SoFi, school loan consolidation.#School #loan #consolidation


Student Loan Consolidation

Student Loan Refinancing

Refinancing your student loans sounds great. But it’s not for everyone.

Consolidating student loans via refinancing is best for people whose financial position – in terms of employment, cash flow, and credit – has improved since they graduated from school. People who are working in the public sector or taking advantage of federal debt relief programs such as income-based repayment or public service forgiveness may not want to refinance, as these programs do not transfer to private refinance loans.

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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.


Private Student Loans, FinAid, Loans, loans for school.#Loans #for #school


Private Student Loans

Private student loan volume grows when federal student loan limits remain stagnant.

Private student loan volume grew much more rapidly than federal student loan volume through mid-2008, in part because aggregate loan limits on the Stafford loan remained unchanged from 1992 to 2008. (The introduction of the Grad PLUS loan on July 1, 2006 and the increases in the annual but not aggregate limits had only a modest impact on the growth of private student loan volume. The subprime mortgage credit crisis of 2007-2010, however, limited lender access to the capital needed to make new loans, reining in growth of the private student loan marketplace.) The annual increase in private student loan volume was about 25% to 35% per year, compared with 8% per year for federal loan volume.

In addition to these lists of private student loan programs, there are several web sites that provide tools for comparing private student loans. These tools can help you identify the loans that match your criteria. These student loan comparison sites include Credible and other student loan comparison sites.

Then the Ensuring Continued Access to Student Loans Act of 2008 increased the annual and aggregate loan limits on the federal Stafford loan starting July 1, 2008. This shifted significant loan volume from private student loan programs to federal. Private student loan volume dropped in half in 2008-09, according to the College Board’s Trends in Student Aid 2009.

Private student loan volume is expected to return to the 25% annual growth rate unless there is another increase in federal loan limits or an expansion of the availability of federal student loans. For example, the proposal for expanding Perkins loan funding from $1 billion a year to $8.5 billion a year will cause a significant decline in private student loan volume. But so long as federal loan limits do not increase every year, private student loan volume will continue to grow at double-digit rates.

If current trends continue, annual private education loan volume will surpass federal student loan volume by around 2030. Accordingly, it is important that students have tools they can use to compare different private student loans.

As a general rule, students should only consider obtaining a private education loan if they have maxed out the Federal Stafford Loan. They should also file the Free Application for Federal Student Aid (FAFSA), which may qualify them for grants, work-study and other forms of student aid. Undergraduate students should also compare costs with the Federal PLUS Loan, as the PLUS loan is usually much less expensive and has better repayment terms.

The fees charged by some lenders can significantly increase the cost of the loan. A loan with a relatively low interest rate but high fees can ultimately cost more than a loan with a somewhat higher interest rate and no fees. (The lenders that do not charge fees often roll the difference into the interest rate.) A good rule of thumb is that 3% to 4% in fees is about the same as a 1% higher interest rate.

Be wary of comparing loans with different repayment terms according to APR, as a longer loan term reduces the APR despite increasing the total amount of interest paid. FinAid’s Loan Analyzer Calculator may be used to generate an apples-to-apples comparison of different loan programs.

The best private student loans will have interest rates of LIBOR + 2.0% or PRIME – 0.50% with no fees. Such loans will be competitive with the Federal PLUS Loan. Unfortunately, these rates often will be available only to borrowers with great credit who also have a creditworthy cosigner. It is unclear how many borrowers qualify for the best rates, although the top credit tier typically encompasses about 20% of borrowers.

Generally, borrowers should prefer loans that are pegged to the LIBOR index over loans that are pegged to the Prime Lending Rate, all else being equal, as the spread between the Prime Lending Rate and LIBOR has been increasing over time. Over the long term a loan with interest rates based on LIBOR will be less expensive than a loan based on the Prime Lending Rate. About half of lenders peg their private student loans to the LIBOR index and about 2/5 to the Prime lending rate.

Some lenders use the LIBOR rate because it reflects their cost of capital. Other lenders use the Prime Lending Rate because PRIME + 0.0% sounds better to consumers than LIBOR + 2.80% even when the rates are the same.

It is not uncommon for lenders to advertise a lower rate for the in-school and grace period, with a higher rate in effect when the loan enters repayment.

Federal student loans are not available for expenses incurred by law, medical and dental students after they graduate, such as expenses associated with study for the bar or finding a residency. There are two types of private student loans for these expenses:

  • A Bar Study Loan helps finance bar exam costs such as bar review course fees, bar exam fees, as well as living expenses while you are studying for the bar.
  • A Residency and Relocation Loan helps medical and dental students with the expenses associated with finding a residency, including interview travel expenses and relocation costs, as well as board exam expenses.

Comparing Private Student Loans

Key information to understand student loans includes being aware of the annual and cumulative loan limits, interest rates, fees, and loan term for the most popular private student loan programs. Often the interest rates, fees and loan limits depend on the credit history of the borrower and co-signer, if any, and on loan options chosen by the borrower such as in-school deferment and repayment schedule. Loan term often depends on the total amount of debt.

Most lenders that require school certification (approval) will cap the annual loan amount at cost of education less aid received (COA-Aid). They may also have an annual dollar limit as well.

Lenders rarely give complete details of the terms of the private student loan until after the student submits an application, in part because this helps prevent comparisons based on cost. For example, many lenders will only advertise the lowest interest rate they charge (for good credit borrowers). Borrowers with bad credit can expect interest rates that are as much as 6% higher, loan fees that are as much as 9% higher, and loan limits that are two-thirds lower than the advertised figures.

The APRs for variable rate loans, if listed, are only the current APRs and are likely to change over the term of the loan. Borrowers should be careful about comparing loans based on the APR, as the APR may be calculated under different assumptions, such as a different number of years in repayment. All else being equal, a longer repayment term will have a lower APR even though the borrower will pay more in interest.

The information presented below is based on lender provided information. Actual rates and fees may differ.


Graduate School Programs – Charleston Southern University, graduate school loans.#Graduate #school #loans


The Graduate School

Master of Arts in Organizational Leadership

The Master of Arts in Organizational Leadership program is designed to develop effective leaders from all educational and professional backgrounds, emphasizing moral character, integrity and skill in leading others. Our courses are designed to help students mature as people of influence through theory, practice, introspection and challenging experiences. Whatever your life’s work, leadership development will enhance your effectiveness. This program is essential for leaders in business, nonprofit, the military and ministry.

Master of Athletic Training

The Master of Athletic Training (M AT) degree program is a professional master’s degree for the profession of athletic training. The degree program will be 24 months in duration, totaling 52 academic credits. The curriculum will include 13 didactic courses, 7 clinical practice courses and one clinical residency course in athletic training. The program plans to admit a maximum cohort of 16 students annually. The curriculum will be mostly a face-to-face model (residential graduate program) with some online courses. During the last semester of the program, if eligible, a student will be to sit on the Board of Certification exam. Passing of this exam is needed to be able to be employed as a certified athletic trainer.

Master of Medical Science in Physician Assistant Studies

Charleston Southern University is developing a Master of Medical Science in Physician Assistant Studies (MMSPAS) Program. The program will consist of didactic and clinical academic work over the course of 24 months or 6 continuous semesters. Graduates of the program will be eligible to sit for the national certification examination for physician assistants through the National Commission on the Certification of Physician Assistants (NCCPA) and will be able to apply for licensure through the Board of Medical Examiners in the state in which they wish to practice medicine.

Master of Science in Organizational Management

The Master of Science in Organizational Management degree is designed to provide an advanced understanding of the process of organizing, planning, leading and controlling an organization’s resources with the overall aim of effectively and efficiently achieving its objectives.

Master of Science in Analytics

Master of Science in Project Management

Master of Science in Supply Chain Management

Master of Business Administration

The Master of Business Administration is designed to provide students with an opportunity to advance their business studies as they relate to the changing forces within the business community while the United States and other nations enter a world of global competition and international business relationships. This program has been developed to present challenges to students in all business activities in order to enhance students’ capabilities as leaders in business, government and industry.

Master of Science in Computer Science

The Master of Science in Computer Science degree is designed to provide an advanced understanding of the technical fundamentals of computer science architecture, database, networking and software engineering. The program of study is designed to enhance professional development for those currently working in the field while providing advanced skills and knowledge to those seeking employment in the field.

Master of Science in Nursing

The Master of Science in Nursing program is a faith-based graduate nursing program that prepares nurses to serve in advanced nursing roles within the healthcare community. The program operates on a cohort model in a web-based format where students take courses one at a time over a 5 week period. The program may be completed in 16 months taking three courses per semester. Part-time options are also available.

Master of Science in Criminal Justice

The Master of Science in Criminal Justice degree is designed to provide an advanced understanding of the nature of crime and society’s reaction to it, while gaining a higher level of expertise in the various components of the criminal justice system. The program enhances professional development for those currently working in the field and provides advanced skills and knowledge to those seeking employment, law or doctoral degree. Reflected in the program of study is a commitment to the highest ethical, intellectual and social values.

Master of Science in Biology

The Master of Science in Biology degree is designed to provide an advanced understanding of the knowledge of biological theory, lab techniques, and experimental design. The program’s design requires a minimum of 30 credit hours to complete, and can be accomplished in one year’s time. This non-thesis master’s degree program is intended to enhance professional development for those currently working in the life sciences discipline while providing advanced skills and knowledge to those seeking employment in the field. The foundation of this program is a commitment to the development of individuals with the highest ethical, intellectual and social values who will integrate Biblical principles and truths while serving as leaders in the life science field. The Master of Biology degree program and curriculum is currently under review for final approval from SACSCOC.

Master of Science in Human Resource Management

The Master of Science in Human Resource Management (HRM) provides current and aspiring HRM practitioners with the theoretical and practical tools necessary to practice effectively in the field and to prepare for HRM professional certification testing. The program was created with working professionals in mind offering courses online and in the evening.

Master of Education

The Master of Education program prepares current professional educators and administrators who are competent, caring and committed to educating an increasingly diverse student body to higher academic standards in P-12 schools. The scope and sequence of courses are designed to enhance current teaching practices and preparation for instructional leaders who will design programs and practices that increase student learning. A mixture of evening and hybrid/weekend courses is designed to work with the educator’s schedule.

Master of Science in Counseling Psychology

The Master of Science in Counseling Psychology program educates compassionate and highly motivated individuals to provide client-centered healthcare, practice as agents of change, serve as leaders in the community and advance the mental health profession. Coursework is consistent with Licensed Professional Counselor (LPC) licensure requirements in South Carolina.

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FinAid, Loans, school loans.#School #loans


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An education loan is a form of financial aid that must be repaid, with interest. Education loans come in three major categories: student loans (e.g., Stafford and Perkins loans), parent loans (e.g., PLUS loans) and private student loans (also called alternative student loans). A fourth type of education loan, the consolidation loan, allows the borrower to lump all of their loans into one loan for simplified payment. A recent innovation is peer-to-peer education loans.

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Grants, scholarships, work-study and other forms of gift aid just do not cover the full cost of a college education. Many students find that they must supplement their savings with government and private loans. The Federal education loan programs offer lower interest rates and more flexible repayment plans than most consumer loans, making them an attractive way to finance your education. You can also deduct up to $2,500 in student loan interest even if you don’t itemize deductions on your income tax return.


FinAid, Loans, Student Loan Consolidation, school loan consolidation.#School #loan #consolidation


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Student Loan Consolidation

Consolidation Loans combine several student or parent loans into one bigger loan from a single lender, which is then used to pay off the balances on the other loans. They also provide an opportunity for alternative repayment plans, making monthly payments more manageable.

Consolidation loans are available for most federal loans, including Stafford, PLUS and SLS, FISL, Perkins, Health Professional Student Loans, NSL, HEAL, Guaranteed Student Loans and Direct loans. Some lenders offer private consolidation loans for private education loans as well.

The interest rate on a consolidation loan is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest 1/8 of a percent. That interest rate is fixed for life.

For example, suppose a student has just unsubsidized Stafford Loans originated on or after July 1, 2006. These loans have a fixed interest rate of 6.8%. When they are consolidated by themselves, the consolidation loan will have an interest rate of 6 and 7/8ths of a percent, or 6.875%. So the interest rate increases only slightly.

If the borrower has a mix of loans with different interest rates, the weighted average will be somewhere in between. For example, if the borrower has $5,000 of Perkins Loans (at 5.0%) and $10,000 of unsubsidized Stafford Loans (at 3.86%), the weighted average is

This weighted average, 4.2%, is then rounded up to the nearest 1/8th of a percent, yielding a consolidation loan interest rate of 4.25%.

If you are consolidating loans with different interest rates, the weighted average interest rate will always be in between. Don’t be fooled if someone tries to suggest that this will save you money by getting you a lower interest rate. The interest rate may be lower than the highest of your interest rates, but it is also higher than the lowest of your interest rates. More importantly, the amount of interest you pay over the lifetime of the loan will be about the same.

No Cost to Consolidate

Aside from a slight increase in the interest rate on the consolidation loan, there is no cost to consolidate your loans. There are no fees to consolidate.

Under no circumstances pay a fee in advance to get a federal education loan or consolidate your federal education loans. There are no fees to consolidate your loans. While other federal education loans, such as the Stafford and PLUS loans, may charge some fees, the fees are always deducted from the disbursement check. There is never an upfront fee. If someone wants you to pay an upfront fee, chances are that it is an example of an advance fee loan scam.

Who Can Consolidate

Both student and parent borrowers can consolidate their education loans. Students and parents cannot combine their loans through consolidation, since only loans from the same borrower can be consolidated. But they can consolidate their loans separately.

Students can consolidate their education loans only during the grace period or after the loans enter repayment. Loans that are in default but with satisfactory repayment arrangements may also be consolidated. Students can no longer consolidate while they are still in school. Parents, however, can consolidate PLUS loans at any time.

Which Loans Can be Consolidated?

Any federal education loan can be consolidated. You can even consolidate a single loan. There are, however, a few restrictions on consolidating a consolidation loan.

You can consolidate a consolidation loan only once. In order to reconsolidate an existing consolidation loan, you must add loans that were not previously consolidated to the consolidation loan. You can also consolidate two consolidation loans together. But you cannot consolidate a single consolidation loan by itself.

Note that when you reconsolidate a consolidation loan, it does not relock the rates on the consolidation loan. The consolidation loan is treated as a fixed rate loan within the weighted average interest rate formula used to calculate the interest rate on the new consolidation loan.

Consolidation loans provide access to several alternate repayment plans besides standard ten-year repayment. These include extended repayment, graduated repayment, income contingent repayment (Direct Loans only) and income sensitive repayment (FFEL only). If you do not specify the repayment terms, you will receive standard ten-year repayment.

Consolidation loans often reduce the size of the monthly payment by extending the term of the loan beyond the 10-year repayment plan that is standard with federal loans. Depending on the loan amount, the term of the loan can be extended from 12 to 30 years. The reduced monthly payment may make the loan easier to repay for some borrowers. However, by extending the term of a loan the total amount of interest paid over the lifetime of the loan is increased.

You do not need to pick an alternate repayment plan. We recommend sticking with standard ten-year repayment, because it will save you money. The alternate repayment plans may have lower monthly payments, but this increases the term of the loan and the total interest paid over the lifetime of the loan.

Repayment on a consolidation loan will begin within 60 days of disbursement of the loan, unless the borrower qualifies for a deferment or forbearance.


Student Loan Consolidation, school loan consolidation.#School #loan #consolidation


Student Loan Consolidation

Student loan consolidation is a good option if you are having trouble paying your loans. You can consolidate just one loan, or several loans. You can consolidate loans even if you re already in default. In fact, consolidation is one good way to get out of default. (To learn about other ways to get out of default on student loans, see Student Loans: Getting Out of Default.)

A consolidation loan allows you to combine your federal student loans into a single loan with one monthly payment. This may be a good option if any of the following are true:

  • You can t afford the monthly payments on your federal student loans under any of the options described in Student Loan Repayment Options, and don t qualify for a postponement or for loan cancellation.
  • You qualify for some of the payment plans described in Student Loan Repayment Options, but you are so deep in debt that you still can t afford your monthly payments.
  • You can afford your monthly payments and intend to pay off your loans under a standard plan, but you want to refinance at a lower interest rate.
  • You are in default on one or more of your student loans and want to get out of default.

Eligibility for Student Loan Consolidation

The vast majority of federal loans are eligible for consolidation, including subsidized and unsubsidized Stafford loans (GSLs), Direct loans, Supplemental Loans for Students (SLSs), Perkins loans, FISLs, and (except in an IBR Plan Consolidation Loan) PLUS Loans. (To find out what type of loan you have, see Types of Federal Student Loans.)

All borrowers with these loans are eligible to consolidate after they graduate, leave school, or drop below half-time enrollment. However, because consolidation loans have no grace period while you are in school or for the six months afterwards (unlike nonconsolidation loans, which usually do have a grace period during this time), getting a such a loan may not be a good idea if you are still in school or just graduated and don’t yet have a job.

Restrictions

Tthere are some restrictions to loan consolidation. Private student loans cannot be included in a federal consolidation loan. In addition, spouses cannot consolidate their loans into a single consolidation loan. And, borrowers who are in default must meet certain requirements before they can consolidate.

Pros and Cons of Consolidation

Consider both the advantages and disadvantages of consolidation before obtaining a consolidation loan.

Disadvantages to Consolidation

Potential disadvantages include the possibility that, if you have old loans, consolidation will cause your interest rate to go up. Moreover, consolidation will extend the repayment period, which means that you will pay more interest over the life of your loan. Consolidation will not completely clean up your credit report, either. If you were in default, your report will reflect that your previous loans were in default but are now paid in full through the new loan.

In addition, your right to assert a school-related claim against the lender of the consolidation loan is not clear. That right might be important, for example, if you got a loan to attend a for-profit school because it lied about the likelihood of you getting a job after graduation. If you think you have a claim against the school, it is better to consult an attorney experienced in bringing these kinds of cases before you consolidate your loan.

To find an experienced student loan lawyer, visit Nolo’s Lawyer Directory.

Advantages to Consolidation

Loan consolidation offers some potential advantages, too. If you are in default on any of your government loans, consolidation may offer the opportunity to get out of default and make affordable monthly payments. When interest rates are low, consolidation gives you the advantage of locking in a low rate on your student loans.

Direct Consolidation Loan Program

As with the Direct Loan Program, the federal government provides Direct Consolidation Loans.

Direct Consolidation Loans come with flexible repayment options, including a standard plan, a graduated plan, and an extended plan, and in most circumstances an Income Contingent Repayment Plan (ICRP) or an Income Based Repayment Plan (IBR). To learn about these, see Student Loan Repayment Options.

If you are in default, a Direct Consolidation Loan is a good way to get out of default and obtain a repayment plan that you can afford. In order to get out of default through a Direct Consolidation Loan, you must make three affordable monthly payments to the loan holder first (which can be as low as $5) or agree to an ICRP or IBR on the consolidated loan. Borrowers are also eligible for deferments in certain circumstances.

Each loan consolidated under the program keeps its interest subsidy benefit. This can be important if you return to school.

To qualify for a Direct Consolidation Loan, you must have at least one Direct loan or FFEL. So, if you have only a Perkins loan, for example, you don t qualify. If you have at least one FFEL, but no Direct loans, then you must certify you are unable to obtain a FFEL with an Income Sensitive Repayment Plan acceptable to you and are eligible for an Income Contingent Repayment Plan. As of 2010, there are no more FFEL Consolidation loans available, so the requirement that you cannot get one may be moot.

For more information on Direct Consolidation Loans and to get an application for loan consolidation, go to http://loanconsolidation.ed.gov/index.html.

Reconsolidation

The circumstances under which you can consolidate a loan or loans that have already been consolidated are limited. Here are some examples of when you can reconsolidate a student loan:

  • If you apply within 180 days after you get a consolidation loan, you can add another loan (either a new or existing loan) into that consolidation loan.
  • You can get a new consolidation loan to combine an existing consolidation loan and another student loan you got either before or after you got the original consolidation loan.
  • You can consolidate two existing consolidation loans.
  • FFEL Consolidation Loan borrowers may also convert a FFEL Consolidation Loan into a Direct Consolidation Loan, without having to add any additional loan, in order to obtain an Income Contingent or Income Based Repayment Plan, but only if the lender submitted the loan to the guaranty agency to help the borrower avoid default.

To learn about student loan repayment options, getting out of default, and more, see Nolo’s Student Loan Debt area.


Student Loan Consolidation: What Are the Pros and Cons, Money, school loan consolidation.#School #loan #consolidation


Should I Consolidate My Student Loans?

College students can take out new loans each year they re in school, so by the time graduation comes, it s common to have half a dozen, or more, individual loans. Each of them may have different terms, including interest rates.

Consolidating those loans into a single new one can simplify your payments, especially if your loans are with different loan servicers, the companies that oversee your payments. It can also be a way to get into repayment plans you otherwise wouldn t be eligible for.

But that doesn t mean consolidation is always a smart move. Here are four things to consider before you make the leap.

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1. Consolidation won t save you money.

One of the myths of consolidation is that it makes your debt less expensive by lowering your interest rate. Historically, that may have been accurate, since consolidation was often used as a way to lock in a low interest rate on variable-rate loans, says financial aid expert Mark Kantrowitz. But that hasn t been the case for the past decade, since the government stopped issuing student loans with variable rates.

If you consolidate your loans now, your new rate will be based on a weighted average of all your loans interest rates. So, for a simplified example, if you have two loans, one for $10,000 at 4% interest and one for $5,000 at 6%, your consolidated loan will have a $15,000 balance and a 4.7% interest rate.

By combining your interest rates, you also lose the ability to employ a favorite tactic of financial planners for paying down debt: targeting the most expensive debt, the loan with the highest interest rate, first.

What s more, consolidation typically results in the borrower paying more in total interest because consolidated loans are generally stretched out over a longer period, says Jessica Ferastoaru, a student loan counselor with Take Charge America.

2. Consolidation usually gives you more repayment options, but it can limit them too.

Consolidation is often the first step borrowers must take to enroll in some of the government s more flexible repayment plans, including income-driven plans, many of which are restricted to borrowers with Direct Loans.

Borrowers who graduated before 2010, when the government shifted to Direct Loans, for example, need to consolidate their loans to access the latest income-driven plan, Revised Pay As You Earn. Parent PLUS borrowers most consolidate their loans into the federal Direct Loan program if they want to enroll in the only earnings-based plan available to them, income-contingent repayment.

Consolidation also opens up the door to extended repayment plans, in which your term can stretch up to 30 years depending on how much debt you have.


Merced School Employees FCU, school loan.#School #loan


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More information on our products, services or feedback on our Web site | Phone: 209-383-5550 or 800-542-2345 | Fax: 209-383-2308 | Email Us


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IMPORTANT NOTE: The U.S. Department of Education (ED) has implemented a new Direct Consolidation Loan application process. This may affect customers’ use of this site.

As a result of implementing the new Direct Consolidation Loan application process, ED is in the process of disabling links and functions on this site. However, in this area, you can still access information about the Direct Consolidation Loan process that ED is phasing out.

Below is information to guide school customers who assist borrowers in determining if they should use this site.

  • If a borrower has not yet applied for a Direct Consolidation Loan and wants to do so. the borrower must use the new process on StudentLoans.gov to apply for a Direct Consolidation Loan. Advise the borrower to go to www.StudentLoans.gov and sign in to begin the new consolidation process.
  • If a borrower applied for a Direct Consolidation Loan via this site before May 18, 2014 and received notice that it was necessary to cancel his or her application, the borrower must use the new process on StudentLoans.gov to apply for a Direct Consolidation Loan. Advise the borrower to go to www.StudentLoans.gov and sign in to begin the new consolidation process.

    ED appreciates your understanding as it transitions to the new Direct Consolidation Loan process.

    Here you will find what Financial Aid Professionals need to know about Direct Consolidation Loans. If you don’t find it here, Ask Us.