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!
Consolidating allows you to merge multiple eligible loans into a single loan.
Lender-approval and loan terms will vary based on credit determination and applicable state law - they may offer loans with fixed rates from 6% to 35% APR. Whether you overstepped your budget, are faced with an unforeseen bill or emergency, or have a large purchase in mind that you don't want to wait for, we're ready to help you find a loan offer right away. We want our consumers to be as informed as possible, that's why we have a detailed How It Works page, the page about Rates and Fees involved, and an FAQ section answering all of your commonly asked questions.Your lender will charge you fees and/or interest and must provide you with full disclosure of their loan terms upon approval.It is then your responsibility to read through the terms before signing your loan agreement.We only work with reputable lenders who use fair collection practices.Prior to accepting any loan offer, you will be presented with any loan renewal options by the lender.
Take Care Of Your Needs Financial emergencies can arrive at any time.