Consolidating ffelp loans into direct loans
We find that many consumers prefer to work with our company since we have expertise work on their behalf to educate them about the programs available to them and streamline the process to get them in the pest programs for their situation.
Yes you can consolidate your Perkins Loan into the Direct Consolidation Loan if you include at least one Direct Loan or Federal Family Educational Loan (FFEL). There are some disadvantages to consolidating your Perkins Loan so you should consider them prior to consolidating them.
The loan will have a fixed interest rate, calculated in an interesting way: take the weighted average of the rates on your existing loans and round that number up to the nearest eighth of a percent.
In this case, the weight is assigned to each existing loan’s interest rate in the same proportion as the amount of the existing loan to your total existing debt.
Your first step will be to determine the amount of all your monthly federal loan payments added together.
Can I consolidate if I am currently enrolled in school? There are multiple plans to repay your student loan, one of which is the Income Based Repayment Plan.