Consolidating student loans perkins
However, there is a possibility that they could include a school using illegal recruiting tactics – for example, guaranteeing the student a well-paid career.
Department of Education promised debt relief to students of the bankrupt for-profit Corinthian Colleges schools (click here for more information on how to apply).
Since college loans are consolidated by social security number, parents should apply separately for PLUS loan consolidation.
Perkins Loan - Consider before refinancing The Perkins loan is a fixed rate loan and has some unique benefits that can be lost with a student loan consolidation.
In the United States, the Federal Direct Student Loan Program (FDLP) includes consolidation loans that allow students to consolidate Stafford Loans, PLUS Loans, and Federal Perkins Loans into one single debt.The Perkins loan has a forgiveness program that will waive all or part of the repayment amount if the borrower works in specific occupations that provide a valuable service to the community.Some such eligible occupations are teachers in low income areas, nurses, and medical technicians.Loan consolidation essentially pays off your existing loans by taking out one new loan in their place.While a Direct Consolidation Loan can be a great choice in certain situations, it’s not always the best strategy, nor are all loans eligible.