Repay Student Loans » direct consolidation, http://www.repay-student-loans.com Student Loan Consolidation & Student Loan Repayment Fri, 22 Jan 2010 20:48:27 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 What are the differences between FFEL Consolidation vs. Direct Consolidation? http://www.repay-student-loans.com/2009/04/what-are-the-differences-between-ffel-consolidation-vs-direct-consolidation/ http://www.repay-student-loans.com/2009/04/what-are-the-differences-between-ffel-consolidation-vs-direct-consolidation/#comments Wed, 22 Apr 2009 17:59:55 +0000 admin http://www.repay-student-loans.com/?p=29 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

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