Consolidating student loans direct lending

Lenders will offer a variety of terms, like variable or fixed interest rates, no application fees, and choice of repayment terms, which will give you an opportunity to choose the refinancing loan that makes sense for you.

*The interest rate of a Direct Consolidation Loan is based on the weighted averaged of the underlying loans you want to consolidate, rounded up to the nearest 1/8 of a percent.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.

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