Consolidating student loans through government

25-May-2017 05:20 by 10 Comments

Consolidating student loans through government

Today, the answer to that question is probably yes!7 out of 10 graduates are now graduating with some form of student loan debt.

Borrowers can select the loans they would like to refinance or consolidate, So Fi pays them off, and then borrowers pay off a new loan issued from So Fi.

Direct consolidation loans are now the only type of federal student consolidation loan.

Under the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loan.

WARNING: It is very dangerous to consolidate federal loans into a private consolidation loan.

You will lose your rights under the federal loan programs once you choose to consolidate with a private lender.

If the requirements above sound good, we think that you are a great applicant for student loan refinancing and consolidation.

Each lender has its own specific underwriting criteria, so you may have a higher chance of approval at certain lenders.

The program launched at Stanford in 2011 and has quickly grown.

Today, So Fi has expanded and now helps student debt borrowers to refinance student loans nationwide.

This means, for example, that a Perkins Loan on its own cannot be consolidated into a Direct Loan.

You may consolidate with Direct Loans during grace periods, once you have entered repayment, or during periods of deferment or forbearance.

So Fi aims to help undergraduate and graduate borrowers lower their monthly payments and obtain lower interest rates.

  1. sex dating in tripoli iowa 29-Jun-2016 00:47

    Even if you tell me, “Just say fine,” sometimes the situation looks special to me, and I can't figure out why it's special, so I can't talk. Picture her: The professional ballet dancer who had just quit, and to celebrate, she got breast implants. I told her that we were really ineffective together and I thought we needed some guy there with us to run the show. For example, there was the guy who asked me out while I was an arbitrage clerk at the Chicago Mercantile Exchange. We both like reading about sex, but having it is more traumatic.