What will consolidating a perkins loan do
Once an applicant submits his or her application electronically via Student , the consolidation servicer will complete the actions required to consolidate the applicant's eligible loans.A Federal Consolidation Loan combines multiple federal student loans into one new loan with a single student loan payment.
Currently, I was going to try to make the standard payment, but it would be to much for me with my new bills for the new place I will be renting, and paying for everything to support myself in NV.
I am thinking of consolidating all my loans, but should I use the Federal Student Aid to consolidate both the Direct and Stafford loans ( do they consolidate both direct and stafford loans), or is there a different website for the government consolidation for both direct and stafford student loans?
The Stafford loans are being serviced by American Education Services who have split these loans into 3 payments totaling $298 per month on the standard payment plan.
Also, the first loan began in mid October of 1998 - June 2003 then I deferred them till a took a $1,500 loan out last year.
To see if you have FFEL Loans: If you have loans being serviced by a number of loan servicers and you would like the convenience of dealing with only one loan servicer.