If you are stuck in student loan debt then you can consider a student debt consolidation loan to help you to put all your federal student loans into one more manageable loan. This also means that you only have one monthly payment which will help you with your finance situation and when managing money. This consolidation option can many times be much lower than the standard 10-year repayment system. There are two main programs that you can use to try to consolidate debt. The Federal Family Education Loan FFEL will provide loans from banks, secondary markets, and other lenders. The William D. Ford Federal Direct Loan will provide loans directly from the federal government. If you are a student with debt than one of these personal loan options is something worth checking out.
There are many types of education loans that you can consolidate in a student loan such as Direct and FFEL loans, SLS, Federal Nursing Loans, Federal Perkins Loans, and Health Education Assistance Loans. Unfortunately, private education loans cannot be consolidated with the rest of your loans.
If you want to make sure that your loans are eligible for student debt consolidation then...
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