What is direct student loan consolidation program? Direct student loan consolidation is a fixed-rate refinancing program that combines all of your existing federal student loans into one master loan. A direct student consolidation loan is a way of consolidating your student loan directly to the US Department of Education. Under this program, they are offering a number of payment options for you to choose. So I will say, direct student loan consolidation is based on federal ones, I mean government.

In the United States itself, the Federal Direct Student Loan Program (FDLP) includes consolidation loans that allow students to consolidate Graduate PLUS Loans, Stafford Loans, Federal Perkins Loans, subsidized and unsubsidized consolidation loans into one single debt. This program is known for its low loan consolidation rates, which add up to the weighted average of the interest rates on the loans being consolidated, rounded to the nearest higher one-eighth of one percent.

The consolidation itself has huge benefits such as cut your monthly student loan payment (in some cases up to 52%), simplify your finances with one monthly payment, no credit checks, fees, or application charges, improve your credit from the payoff and consolidation process. And what about direct student loan consolidation? Well, of course it is more phenomenon than that. Okay, so let discuss about the advantages of direct student loan consolidation. The benefits are: flexible repayment options, reduced monthly payments, numerous deferment options, no minimum amount of fees, health profession loans are eligible, spouses can’t consolidate jointly. So I think it is pretty fair for everyone.

If we dig it deeper, we will get another question. How does direct student loan consolidation work? They key about direct student loan consolidation is payment relief. By combining all of your student loans into one consolidated loan, you can lengthen your repayment term from the standard 10 years to up to 30 years, depending on the amount of your education debts. With a lower monthly payment, you’ll have more money available to meet other living expenses. And no penalties for overpayment, you can make larger payments and reduce your repayment term when it becomes affordable. It is just as simple as that.

Let me make it clear for you. Loan service is aimed for subsidizing higher education. And with this kind if service, I believe that you can reach your dreams. So, take your own direct student loan consolidation and see what magic it will deliver to you!