You consolidate loans by rolling all your little loans into one bigger one.To come out ahead, you need to find a consolidation loan with a low interest rate and a reasonable term.Parents with kids in private school and teenagers about to plunge into higher education may be asking themselves: The first step for any family with education bills is to file a form requesting financial aid for the U. The Free Application for Federal Student Aid (FAFSA) compiles information about family finances, to help determine how much financial aid each student needs at his or her particular school.By considering the families Expected Family Contribution (EFC), campus financial aid offices paint a realistic picture of funding shortfalls, and set about correcting them with various forms of assistance.
The last section is dedicated to identifying the best private consolidation loans for those with a few different financial profiles. No interest is charged on subsidized loans while you are in school at least half-time, during your grace period, and during deferment periods. Direct Loans are: Direct Subsidized and Unsubsidized Loans— Your eligibility for Direct Subsidized and Unsubsidized Loans is based on the information reported on the Free Application for Federal Student Aid (FAFSASM).You begin by completing a Free Application for Federal Student Aid (FAFSA), which can be obtained from Eastern's Office of Financial Aid, high school counselors, libraries or by phone at 1-800-4-FED-AID (1-800-433-3243).The fastest and easiest option is to apply online at