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Federal perkins loan consolidating

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Borrowers may contact UAS to ask questions regarding their Perkins Loan account.Additionally, a Frequently Asked Questions page regarding many different aspects of repaying the Perkins Loan is available from UAS. Using student loans to pay for could cost you a whole lot more.The average college graduate in 2016, who took out student loans, owes ,172, a 6% increase from 2015.However, some of the benefits available in the original student loan may be lost after consolidation. To apply for a consolidation loan, review the information on the website below.One of the biggest myths when it comes to student loans is whether you can combine your Federal and private student loans. Well, since the middle of 2014, you can actually refinance and consolidate both your Federal and private student loans into a single loan with many private lenders.In order to have your loan proceeds disburse to your student account this process must be completed.

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Schools may not make Perkins Loans to any student on or after October 1, 2017.

That is a sizeable, unwelcome gift to take home from school and it’s important to know how to minimize the damage.

The good news is that federal loans carry a six-month grace period so there is time to develop a plan for dealing with them.

The following federal student loans are eligible for consolidation: Federal Stafford loans, Federal Direct loans, Federal PLUS loans, Federal SLS loans, Federal Perkins loans, Health Professional Student loans (HPSL) and Nursing School loans (NSL).

The payment terms of a consolidation loan can make repayment of your student loans much easier financially and much less confusing since you will not have to keep up with several different lenders.