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WASHINGTON As college graduation season comes to a close the newly anointed degree holders will finally have to face a new reality life with hefty education debt.

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Direct consolidation loan - forms & publications
NOTE Files in PDF format will require the Adobe Acrobat Reader. If you do not have Acrobat you can download a free copy from Adobe. Application and Promissory Note Addendum - This form

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Consolidation Loans combine several student or parent loans into one bigger loan from a single lender which is then used to pay off the balances on the other loans.

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Borrower services - who is eligible?
To qualify for Direct Consolidation Loans borrowers must have at least one Direct or Federal Family Education Loan FFEL Program loan that is in grace repayment deferment or default status.

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