| There are several types of loans that qualify | | | | fixed interest rate already in place. This is |
| for federal student loan consolidation. When | | | | why it is very important to be very clear on |
| considering if your student loan can qualify, | | | | the rates from the plans you may be |
| be sure to be very clear on interest rates | | | | considering before you do a federal student |
| and to see if you can save money with this | | | | loan consolidation. |
| type of consolidation loan. Sometimes student | | | | |
| loan consolidation can increase your interest | | | | What would be the point if you end up paying |
| rate and cost you more than you are paying | | | | more for your consolidation loan? However, |
| now. There are | | | | for some students it might be a good idea |
| several advantages when you get a federal | | | | because of the hassles of trying to keep |
| student loan consolidation. You can take | | | | track of several student loan payments and |
| advantage of fixed interest rates, lower | | | | monthly due dates. |
| monthly payments, one payment each month, get | | | | |
| payment incentives and get new or renewed | | | | Only you can decide if a federal student loan |
| deferments. | | | | consolidation makes sense for your financial |
| | | | situation. |
| There is usually not a minimum loan balance | | | | |
| required with this type of loan program. | | | | What Type Of Loans Qualify For Federal |
| Also, you have the option of which loans you | | | | Student Loan Consolidation?There are several |
| may want to include and money saving payment | | | | federal student loans that may qualify for |
| incentive plans with some federal student | | | | consolidation. Be sure to take some time to |
| loan consolidation programs. | | | | research the option you are considering and |
| | | | compare costs. You can use online calculators |
| Another advantage is that you can consolidate | | | | to get an estimate on payments. Check to see |
| your undergraduate loans if you are still in | | | | if your type of federal student loan will |
| graduate school. You can decide on what loans | | | | qualify for a federal student loan |
| you want to consolidate from the loans that | | | | consolidation program. |
| qualify. | | | | |
| | | | 10 Types Of Loans That Can Qualify For |
| However, federal student loan consolidation | | | | Consolidation1. Federal Perkins Loan 2. |
| can't include loans you may have received | | | | Federal Stafford Loans 3. Federal Direct |
| from banks, credit unions, personal loans, | | | | Loans 4. Federally Insured Student Loans 5. |
| consumer debt loans or any other type of | | | | Federal Parent Loans 6. National Direct |
| financial service loans that you may have | | | | Student Loans 7. Nursing Student Loans 8. |
| applied for in the past. They have to be | | | | Health Education Assistance Loans 9. Health |
| federal student loans to qualify. | | | | Profession Student Loans 10. Auxilary Loans |
| | | | To Assist StudentsWith some research and a |
| What You Should Know Before You Apply For A | | | | little education you may be able to get a |
| Federal Student Loan ConsolidationThere are | | | | federal student loan consolidation to help |
| several types of loans that qualify for | | | | ease the burden of having several student |
| federal student loan consolidation. When | | | | loans. You can focus on your education and |
| considering if your student loan can qualify, | | | | new career instead of stressing out about |
| be sure to be very clear on interest rates | | | | trying to keep track of several loan payments |
| and to see if you can save money with this | | | | and due dates. |
| type of consolidation loan. Sometimes student | | | | |
| loan consolidation can increase your interest | | | | With today's Internet access, you now have an |
| rate and cost you more than you are paying | | | | advantage when considering a federal student |
| now. | | | | loan consolidation as an option. You can |
| | | | easily see if you qualify and get the best |
| Many federal student loans have a very low | | | | loan program for your financial situation. |