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Us government consolidating student loans

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What if you have the ability to pay off your loans earlier and can keep track of multiple lenders on your own?

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Maximum Loan Length: 10-30 years Frequency of Payments: Varies Prepayment penalties: None Fees: None You apply for a Direct Consolidation Loan through Student Even if your loans are all from the Federal Direct Loan Program, it still pays to simplify them.You can contact your lenders and/or the federal government's direct loan program to combine these loans into one Direct Consolidation Loan.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.The other benefit to consolidation – besides a lower monthly payment – is lowering the likelihood of forgetting about a loan and accidentally going into default.

This is because you won't have to manage so many loan accounts with a variety of lenders, which can easily lead to forgetting a lender or two.

One-third of 4% plus two-thirds of 5% equals an average interest rate of 4.67%.

Before July 1, 2006, federal student loans did have variable interest rates.

You can pay off your loan early without any penalty.

And while you may be able to keep track of up to eight lenders, it's convenient to have your loans in one place.

In the records are your lender names and loan amounts.