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step one. Favor fund and servicer. (You must look for a great servicer. You are required to pick the choices indexed by Service away from Degree).

If may make this choice with the-line or if you try submitting a paper application, you really need to post directly to brand new servicer you select. It is hard understand which servicer to choose. The newest Department will bring certain standard information about servicer overall performance on on-line research cardio and you will quarterly performance accounts.

Up until the Company usually complete the procedure, they send you an overview layer you to directories this new fund which can be included in the consolidation. It’s going to number this new payment package which you picked. You should remark this information meticulously and contact the fresh new Service if the you will find one dilemmas. Unless you contact them contained in this fifteen weeks, they’ll suppose all the details is correct and certainly will techniques the newest consolidation. (You can examine new page you get so as that the period of time has not changed). You must contact the fresh Agencies during this time period if you need so you’re able to stop brand new combination or you features concerns.

While they are collecting all the information must result in the month-to-month payment computation, the fresh Service ount that covers the fresh monthly attract. If you fail to pay for that it fee, you can also consult an effective forbearance that may last until you was notified of your own real percentage.

Questions relating to Combination?

• To ask questions about consolidating your loans before you apply for a Direct Consolidation Loan,contact the Student Loan Support Center at 1-800-557-7394 . The Support Center can also help if you are having problems logging in or with you FSA Id.

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