Before you consolidate, consider the following pros and cons: Note: Just remember, you must continue making payments after submitting your application until you receive notice from your servicer that underlying loans have been paid off.
You have the option to select the servicer of your choice (of which, Nelnet is an option) After your new Direct Consolidation Loan is complete, you may still add more eligible loans to your existing consolidation.
I would like your advice since I went back to college am 40yrs old now that I finished college.
Currently, I was going to try to make the standard payment, but it would be to much for me with my new bills for the new place I will be renting, and paying for everything to support myself in NV.
Federal student loan borrowers have the option of consolidating their loans via the Direct Consolidation Loan program offered by the U. That loan is then serviced by the servicer of your choosing – of which Nelnet is one!
Huffington Post Reader Question Dear Steve, I am at the very end of the grace period since I graduated, and will owe a total of ,000 in student loans (all are government ED loans both Direct and Stafford unsubsidized and subsidized).This process will also combine all the loans you refinance into one convenient payment.While a lower interest rate is good news, your new loan may not come with all the borrower benefits associated with government loans.If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], fax (402.858.3929), or mail to: Nelnet P.