Process consolidating student loans
Ford Federal Direct Loan Program (often referred to by the media and others as the Obama Student Loan Forgiveness program).
You will be asked to choose the federal loan servicer you want to complete the consolidation and service your new Direct Consolidation Loan. I have complaints about all of them so don't really recommend one over another.Read the other posts in the series here—and get all the info you need to make intelligent decisions about your student loans.And while you’re at it, check out So Fi’s new Student Loan Debt Navigator tool to assess your student loan repayment options. With prevailing interest rates at historic lows, some private lenders offer rates that are significantly better than a high-rate federal loan.Although under President Obama loan forgiveness has been somewhat simplified, navigating through the government’s bureaucracy is still very difficult.The five primary steps to qualify and one of the new payment plans will be covered here.