If you have Stafford Loans from several banks, you can consolidate through your banking lender or through Sallie Mae. You can consolidate the Federal Perkins loans with either the Stafford Loans or the federal government. Four repayment plans are offered. There is no charge for consolidating your loans. For most students, a student loan is the first experience with credit.
Student loans can be an excellent way to establish a good credit rating.
Pay your student loan promptly each month. Frequent late payments constitute delinquency and may harm your credit history. Notify the necessary parties regarding change of address or name change. Stafford Loan changes should be referred to your lender,servicing agent or the secondary market. William D. Ford changes should be referred to the Direct Loan Servicing Center.