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Making One Payment
Parent vs. Student Consolidation
FFELP Consolidation Loans are available to both Students and Parents and both can receive all the benefits of a reduced fixed rate. There is one distinct difference: Parents can have their loans consolidated at any time.
Even if you intend to acquire more loans in the future, Parent PLUS loans are issued and immediately placed in repayment qualifying them for consolidation and allowing them to reconsolidate each time they get a new loan.
Important note
Parent PLUS loans are issued in the parents name and not your students. The Department of Education does not allow these loans to be consolidated with your students other federal loans.
For More Information on Consolidation:
If you have the details of your loan information you can calculate repayment plans and benefits of consolidation online:
Online Payment Calculator
What can Consolidation Do For You?
- Reduce Your Monthly Payments
- Make One Single Monthly payment
- Achieve the Lowest Possible Rate Available
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