When you consolidate your federal student loans, you combine multiple loans into one new student loan. Federal student loan consolidation centralizes all of your federal student loan payments so you submit one monthly payment to a single servicer. Private student loans are not eligible for a federal student loan consolidation.
For more information on federal student loan consolidation, please visit studentaid.gov.
Should you pay off your student loans early? Or should you save instead? To decide how to balance both of these financial goals, ask yourself these questions from Discover Student Loans.
Learn about and understand the difference between loan forbearance and deferment of student loans with the help of Discover Student Loans.
See which strategies help you pay off your loan early and reduce the total cost of borrowing.
Sometimes students need to take time off from college. Learn more about what happens to your student loans when you take a semester off.
While loans are a viable option for paying for college, there are ways to avoid student loan debt. Discover Student Loans shares how you can graduate without owing a cent.
Although repaying student loans requires budgeting, you can still have the occasional treat. Discover Student Loans provides advice on managing your everyday expenses while paying off loans.
