Consolidating stafford and perkins loans


Requirements vary depending on the type of loan, but most offer forgiveness for those employed in certain public-service occupations.Let's look at various options for dealing with student debt: discharge, forgiveness, repayment, debt consolidation – and finally, the worst that can happen if you simply don’t pay.You can think of Student Loans Consolidation as akin to refinancing a home mortgage.When you consolidate your student loans, the balances of your existing student loans are paid off, with the total balance rolling over into one consolidated loan.Possible borrower benefits: Some loan consolidation programs give borrower benefits, such as auto-debit payment reduction and consecutive on-time payment reduction, that can enable you (if you are qualified) to save up to an additional 1.25% off your interest rate.means bundling all your student loans into a single loan with one lender and one repayment plan.



Making the Decision to Consolidate Your Student Loans Consolidating Your Federal Student Loans Consolidating Your Private Loans Community Q&A Most students need to borrow money to pay for college, and many struggle to make their payments after graduation.

But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.