Consolidating stafford perkins loans
Having multiple loans can be tough to manage – different amounts due, different payment due dates, and a lot more statements to keep track of.By combining your loans into a single loan, you can have one single bill, and you may even be able to lower your payments.If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.View Perkins Loan | Direct Stafford Loan | NJCLASS | Loan Consolidation You are required to pay back loans borrowed over the course of your studies at Rutgers.Below is some information on grace periods, repayment plans, loan forgiveness programs, loan consolidation, and loan discharges.There are various repayment options under the Direct Consolidation Loan program, including a standard repayment plan, a graduated repayment plan, an extended repayment plan, the Income-Contingent Repayment Plan (ICR), the Pay As You Earn, and the Income Based Repayment Plan (IBR).
Consolidating allows you to merge multiple eligible loans into a single loan.If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], fax (402.858.3929), or mail to: Nelnet P. Payments on your federal student loans are made to your lender or servicer.
If you are unsure of who your lender is, you can access the National Student Loan Data System (NSLDS).
According to Student Aid.gov, the following types of student loans are eligible for consolidation: • Direct Subsidized Loans • Direct Unsubsidized Loans • Subsidized Federal Stafford Loans • Unsubsidized Federal Stafford Loans • Direct PLUS Loans • PLUS Loans from the FFEL Program • Supplemental Loans for Students (SLS) • Federal Perkins Loans • Federal Nursing Loans • Health Education Assistance Loans • Some previous consolidation loans When you consolidate your Federal student loans, you will get a new loan through the Department of Education, which you can then setup a repayment plan that works for you.