Consolidating call

Ideally, that new debt has a lower interest rate than your existing debt, making payments more manageable or the payoff period shorter.

Options to consolidate your credit card and other debts include a balance transfer credit card, an unsecured personal loan, a home equity loan or line of credit and a 401(k) loan.

If you have previously completed either a Direct Loan MPN or a Direct PLUS Loan Application, some of this information may be populated for you.

You should review all populated information carefully for accuracy..

The Secretary is able to use discretion and, based on your circumstances, consider whether extenuating circumstances allow you to qualify for a loan.The option that best suits you depends on your overall debt load, credit score and history, available cash and other aspects of your financial situation, as well as your self-discipline.Consolidation works best when your ultimate goal is to become debt-free.The FSA IDserves as your identifier to let you access your personal information in various U. If you complete entrance counseling to borrow a loan as an , the entrance counseling fulfills counseling requirements for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.Your school may have alternate entrance counseling requirements.

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