Are you having trouble paying your student loans and are looking for payments that are more affordable?
No, my son is.
Is it a good idea for my son to consolidate his student loans?
Consolidating them into a single Direct Consolidation Loan can help him simplify the repayment process, since he will only have one monthly payment to make.
My son was already assigned to a repayment plan, but he is having trouble keeping up with the payments. Can he switch to a different repayment plan?
Absolutely. Your son can change his repayment plan for free at any time.
How exactly does a Direct Consolidation Loan work?
A Direct Consolidation Loan allows your son to combine all his student loans into one loan, so instead of paying separate payments to each loan holder, he would only be making one monthly payment.
Can you consolidate multiple federal student loans?