Consolidating student loans direct lending
The weighted interest rate will be fixed for the life of the loan.Learn how to apply for a Direct Consolidation Loan, or get additional insights on the Federal Student Aid website. This option allows you to include some or all of your private and/or federal student loans.The federal program: Direct Consolidation Loan Private student loan refinance options Why should I refinance my private student loans?
They both combine your loans into one loan, however, there are some key differences.
If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], or mail to: Nelnet P.
We’ll walk you through some of the key considerations as you decide whether refinancing or consolidating is right for you (there are even situations where you might want to refinance certain loans and/or consolidate others).
Student loan refinance is a great option if you are looking to potentially lower your monthly payment, annual percentage rate, or remove a cosigner (like your parent) from an existing loan.
To qualify, you must have a strong credit profile and employment history, and proof of income.