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?Consolidating those loans into a single new one can simplify your payments, especially if your loans are with different loan servicers, the companies that oversee your payments.It can also be a way to get into repayment plans you otherwise wouldn't be eligible for.During this period of time, eligible borrowers will receive an additional interest rate reduction on a portion of the loans consolidated.To qualify, a federal loan borrower must have at least one Direct Federal Stafford, Grad PLUS, Parent PLUS, or Consolidation Loan AND at least one Federal Family Education Loan (FFEL), Federal Stafford, Grad PLUS, Parent PLUS, or Consolidation Loan.
I would like your advice since I went back to college am 40yrs old now that I finished college.
Want to simplify your life with one monthly payment? There is one caveat: federal student loans can be combined into Federal Direct Loan Consolidation but private student loans can't.
To lower your monthly payment and simplify loan repayment, consider a Traditional Direct Consolidation Loan.
Click here if you are looking for information on the Special Direct Consolidation loan .
From January through June 2012, the US Department of Education will offer certain borrowers a Special Direct Consolidation Loan.