Repay Student Loans

Borrowers are encouraged to check with their existing loan holders or servicers to find out about consolidation options available to them. Some differences between programs may include:

• Minimum balances or numbers of loans required to apply.
• Types of loans that can be consolidated.
• A prior account relationship may be required.
• Repayment incentive benefits to encourage good repayment behavior.
• The convenience of electronic debit, ensuring that monthly payments are made on time.
• Repayment plans offered, such as payments sensitive to a borrower’s income, family size, and total education indebtedness.

Source: U.S. Department of Education