The program lets individuals so you’re able to consolidate its financing (only government college loans) into the latest fund and decide for another, affordable fees bundle
This service is offered free of charge by the U.S. Department of Education’s Consolidation Services. Only federal loans can be consolidated, which means that private loans are not eligible for this option. Individuals that have graduated, left school, or have dropped below half-time enrollment are generally eligible for debt consolidation. To apply for a direct loan consolidation, you’ll need to contact . For general queries about a direct loan consolidation, please call the Loan Consolidation Info Center at 1-800-557-7392.