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Benefits of the Direct Student Loan Consolidation

Because of global financial crisis last year, many fresh university graduates are facing problems for making repayment for their multiple student loans. Anyway, it is not the end of the world and they don't have to file bankruptcy. Direct Student Loan Consolidation allows them to combine all their existing federal education loans into one new loan. Whenever their applications are approved, they will be enjoying the next benefits:

· Consolidation is free and additional benefits are supplied

There is no minimum amount required for the students to be eligible for a this particular loan. The borrowers can still retain their subsidy benefits on the loans. In addition, the students also stand a opportunity to qualify for renewed deferment benefits.

· One lender and something monthly payment

Under the concept of one lender and something monthly bill, it is definitely simpler for the students to handle their debts. All their loans will be lumped in a single account and their only lender is the US Division of Education.

· Flexible repayment options

There are many flexible repayment options specially created for the students to meet their different needs and monetary situations. They are free to choose from a number of plans such as standard repayment, extended repayment, graduated payment, contingent repayment, income based repayment, so on and therefore forth.

· Lower Monthly Repayment

The monthly financial burden from the students is lessening as their monthly repayment is reduced about 50% using the extended repayment period.

Dear young graduates, if you are struggling in repaying your study loans, direct student loan consolidation is an extremely welcome option for you.