Consolidating graduate loans

One way to resolve a defaulted loan is to combine your existing federal student loans into a new Direct Consolidation Loan from the US Department of Education (ED).Even if you have only one defaulted student loan, you may obtain a Direct Consolidation Loan to resolve the default.Log in to Student with your When you create your FSA ID, your information is confirmed with the Social Security Administration (SSA).This takes one to three days, and you'll receive an e-mail (if you provide one) when this is complete.Discover Card is serious about safeguarding your personal information online.When you access your account and perform transactions on the Discover site we use 128-bit-Secure Sockets Layer (SSL) encryption technology-the most widely used method of securing internet transactions available today.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!

You have the option to select the servicer of your choice (of which, Nelnet is an option) After your new Direct Consolidation Loan is complete, you may still add more eligible loans to your existing consolidation.If you have more than one federal loan from the Department of Education, such as loans from your undergraduate education as well as loans for your Stevens graduate program, you can consolidate them into a single loan, called a Direct Consolidation Loan.Under this program, your old loans are paid off and the Department of Education issues you a new loan.You may, however, be able to obtain a lower interest rate for your private loans through consolidation if your credit rating has changed significantly since you first obtained the loans.For more information about consolidating private student loans, visit Fin