Direct loan consolidating

18 Feb

Private student loans have some conditions and terms — very good credit or a co-signer needed – that make them difficult.

The interest rates usually are higher than those on federal loans and there are some involved that aren’t part of federal loans.

Most students receive loans from a different borrower every year, if not every semester, so it is commonplace to have 8-10 student loan payments due every month when you finally graduate.

direct loan consolidating-69direct loan consolidating-19direct loan consolidating-60

If you’re an undergraduate, the maximum annual amount of a subsidized loan depends on your year in school.Stafford Loans are more common than Perkins Loans, the other type of federal student loans.Money for these loans comes directly from the federal government in a program called the Federal Direct Student Loan Program (FDSLP).Freshmen can borrow up to ,500; sophomores ,500; and third-year students and beyond can borrow up to ,500 in subsidized loans.You cannot accrue more than ,000 in subsidized Stafford Loans throughout your undergraduate studies.