Consolidating loan stafford
You see, it's a way of piling up all your debt into one consolidation pile (now that's according to layman's language).And you can also achieve this through consolidation by transferring all your Texas credit card debt to that one charge card, with apparently low interest rate, or taking a Texas home equity loan, reffered to as Stafford consolidation loans etc.Over the course of a student’s post-secondary education, he or she may enter into multiple loan arrangements, with private lenders, as well as the Department of Education.Perkins borrowers may have multiple outstanding loans, but many students also carry federal Stafford Loans, and others issued through the Direct Loan Program.Select, economically disadvantaged students are eligible for additional loans through the Perkins program.The aid is designed to increase college access for the neediest groups of students.
Perkins Loans stand apart, in some ways, from the other federal student loan programs.
The number one drawback to consolidating a Perkins Loan is the loss of loan cancellation benefits.
If you are, or will be, a public school teacher, or if you teach math, science or special education subjects, you may qualify for Perkins loan cancellation.
For more information of the specific loan terms, please visit the Loan Consolidation home page.
Maximum Loan Length: 10-30 years Frequency of Payments: Varies Prepayment penalties: None Fees: None You apply for a Direct Consolidation Loan through Student