Consolidating federal graduate student loans
As these are federally mandated rules, no private lender can change how Stafford Loans are to be repaid.
Here are some things that you need to take into consideration before you decide you want to consolidate your loans: One of the worst things you can do when repaying your loans is… This is called “defaulting on your loans.” When you go over 270 (almost nine months) without making a payment you have basically declared default.
Under some circumstances, you may be allowed to consolidate a defaulted loan through the direct consolidation loan program.
This makes paying back all of your loans easy and affordable.
Student loan consolidation has been picking up steam recently.
When you are looking to consolidate your Federal Stafford Loans, you need to be a comparison shopper.