Ford Federal Direct Loan Program, and the Federal Perkins Loan Program.

Under these programs, the United States Department of Education acts as the lender for qualified college students looking to finance their education.

Each year, college loans make it possible for hundreds of thousands of students to finance their post-secondary education.

By far the most popular, and affordable, student loans are offered by the Federal government through both the William D.

This results in reduced monthly repayments and a longer term for the loan.

The interest rate may not exceed the maximum rate of 8.25%.

Consider the following resources to help you determine if and when consolidating might be the right option for you: If you have questions about the number of loans you have borrowed, the amount of each loan, or your outstanding balance(s), check with the My Federal Student Aid website or National Student Loan Data System (NSLDS).

The decision whether or not to consolidate can be tricky.

There are many different factors for students to consider in order to ensure that they’re making the right choices for their families and their wallets.