When you consolidate your federal student loans, you are actually taking a new loan called a federal direct consolidation loan. This new loan combines several federal student or parent loans into one larger loan, which replaces your original federal student ...
Income-based repayment (IBR) is a program that allows you to limit the amount you must repay each month based on your income. You get a lower payment with IBR if your federal student loan debt is high relative to your ...
Yes. If you’re worried you won’t be able to make payments, you may qualify for a deferment or forbearance. You may also be eligible for a monthly payment as low as $0 through the Income Based Repayment (IBR) program. Contact ...
The Public Service Loan Forgiveness Program was created to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, you may qualify for forgiveness of your eligible federal student loans if you are a ...
If you are behind on your federal student loan payments and debt collectors are contacting you, consolidation may have some advantages. You will be able to get out of default quicker than through rehabilitation, and if you cannot afford to ...