loan consolidation in school international

From January through June 2012, the U.S. Department of Education will offer certain borrowers two options for consolidation:

• Traditional Direct Consolidation Loans



• Special Direct Consolidation Loans

During this time period, borrowers making separate payments on their federal loans to one or more servicers (you repay your loan to a loan servicer) may be eligible for a Special Direct Consolidation Loan. A Special Direct Consolidation Loan offers borrowers different repayment terms and benefits than a traditional Direct Consolidation Loan.