LoanConsolidation.Ed.Gov

Student Loan Consolidation

Consolidate your student loans, and you could cut your student loan payments in half.

Attention, federal student loan borrowers! Right now, can help you substantially lower your monthly student loan payments and put loads of extra cash in your pocket with the Federal Student Loan Consolidation Program.

* Lock in low monthly payments with a fixed interest rate
* Bundle all your federal student loans into one easy-to-manage   loan with one monthly payment
* No application fees, origination fees or prepayment penalties
* Easy, online application with Electronic Signature

Special Direct Consolidation Loans

The Department of Education (the Department) is offering a short term consolidation opportunity–Special Direct Consolidation Loans–from January – June 30, 2012.

Special Direct Consolidation Loans are not the same as traditional Direct Consolidation Loans that borrowers would apply for through this Web site.

Only certain borrowers are eligible for Special Direct Consolidation Loans.

One of the Department’s federal loan servicers–FedLoan Servicing (PHEAA), Great Lakes Educational Loans Services, Inc., Nelnet, or Sallie Mae–will contact eligible borrowers starting in January 2012 about the new and different online application process for Special Direct Consolidation Loans.

Borrowers who may be eligible for a Special Direct Consolidation Loan must not apply through this Web site. Doing so will make them ineligible to participate in the special consolidation opportunity. For this reason, it is critical that potentially eligible borrowers do not take any action until they are contacted by one of the Department’s servicers listed above.

For Special Direct Consolidation Loan eligibility information, visit
www.studentaid.ed.gov/specialconsolidation.

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