Benefits consolidating direct loans

That can help you meet your other financial obligations.

Student loans usually appear on a credit report as multiple loans, but that doesn’t look bad to lenders.

The reason has to do with the way student loans actually work as opposed to how we think about them.

Those loans have their own cancellation benefits that are based on your job.

If you consolidate these types of loans, you will lose access to those cancellation benefits.

You'll save the frustration of dealing with multiple lenders and reduce the risk of missing a payment because refinancing combines your loans into a single loan, with a single bill.

(Don’t forget to review the full list of available education tax benefits, so you don’t miss out on any other tax credits and deductions.) Want to find out how much your monthly payment will be after you refinance?

Before completing a consolidation application, carefully consider the following information to determine whether loan consolidation is the best option for you.

If you decide to submit a consolidation request, please continue to make payments until you receive notification that the consolidation has been completed.

If you borrowed any federal student loans before July 2010, there’s a good chance that some or all of your federal student loans are not Direct Loans.

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