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It is quite common for people with student loans to deal with 10-12 lending institutions, which means 10-12 payments and 10-12 due dates each month.When you consolidate Loan consolidation for student loans was created to make it easier for millions of borrowers to pay off their debt.
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. The Federal Direct Consolidation Loan program starts with filling out an application and promissory note at this site.You will need your loan records and account statements.The form asks basic questions (name, social security number, date of birth, address, etc.); what loans you do and do not want to consolidate; and what repayment plan you will be using.There also is a section detailing certifications, terms and conditions and borrower’s rights and responsibilities.
If you have a tremendous job that pays really well and no dings on your credit report when you leave school, you could find a lender willing to give you a break on interest to get your business. well, it never hurts to ask All federal and private student loans are installment loans and considered good debt because it represents an investment in your future.