9 Important Facts About Federal Consolidation Loans

student loans

A Federal Consolidation Loan is a type of loan that merges multiple federal student loans into a single loan. The single biggest advantage of federal consolidation loans is that you only have to make a single monthly payment as opposed to making multiple payments on different days of the month. It’s definitely more convenient and …

What Are Direct Consolidation Loans?

student loans

A Direct Consolidation Loan is one single loan that you end up with if you choose to combine multiple federal student loans. Advantages of Direct Consolidation Loans The main reason why students combine two or more of their federal student loans into a single Direct Consolidation Loan is the convenience factor. Borrowers who consolidate their …

How to Be a Responsible Student Loan Borrower

student loans

There are plenty of mistakes you’ll want to avoid when it comes to student loans. It’s far better to prevent trouble than to dig your way out, after all. Here’s how to be responsible with your student loans from the get go. Do Your Research Instead of applying to any student loan you’re eligible for, …

FAQS About Student Loan Repayment Plans

student loans

There are plenty of questions about student loans, and plenty more questions about how to pay them off. So we’ve gathered the most common questions people ask about student loan repayment plans. What is a standard student loan repayment plan? A standard student loan repayment plan is the default plan for federal student loans. According …

How To Understand Your Student Loan Disbursements

student loans

Student loan disbursement refers to the manner in which you will receive the money that you’ve borrowed. There is no standard procedure for disbursing student loans. The loan disbursement method varies considerably from one college to another and also on the type of student aid that you receive. How Student Loans are Distributed In most …