A Direct Consolidation Loan allows you to combine one or more of your federal education loans into a new loan that offers you several advantages. You may benefit from a lower interest rate on the new Direct Consolidation Loan. If a Direct Consolidation Loan offers you a lower rate than your current loans, you may want to consolidate. Current interest rate on the loans being consolidated, rounded to the nearest higher 1/8th of one percent with only one lender and one monthly bill, you will find it is easier to manage debt. Your one lender will be the U.S. Department of Education.

To find out more information regarding the Direct Consolidation Loans you may visit the Department of Education’s web site at http://loanconsolidation.ed.gov/borrower.