If you’d like to consolidate your federal student loans, click the button below to get started.
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Keep in mind, FFEL loans won’t qualify for loan forgiveness their own.
After you consolidate your FFEL into a Direct Loan, the number of “timely” payments you’ve made will start from zero.
Even though federal rates are capped, borrowers may receive a higher interest rate on their consolidated loan than on their previous loans.
That’s because the new Direct Loan will have a weighted APR.
However, for some loans that combine public and private loan elements, it can get tricky. They were private loans with federal backing that were no longer offered in 2010 when Direct Loans were introduced.
If you have a Federal Family Education Loan (FFEL), federal student loan consolidation can affect your repayment and loan forgiveness status. Unfortunately, some FFEL features didn’t transition into the Direct Loans lending process.