Start Consolidating ffelp loans into direct loans

Consolidating ffelp loans into direct loans

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!

However, borrowers who are required to repay under the income-contingent plan must make three consecutive monthly payments before changing to another plan.

You may lower your monthly federal student loan payment by consolidating your federal student loans with different interest rates, repayment plans and loan holders into a new loan.

However, consolidation may have some disadvantages, so carefully consider the pros and cons.

There is no limit to the number of times you may change plans.