Direct Student Loan is the leader in education finance solutions for graduate students. We are committed to providing graduate students with the necessary tools and information to effectively manage your education debt. Graduate School Loans is here to assist you finance your graduate school education. Upon graduation, Graduate School Loans offers education debt management options to aid in the repayment of your graduate student loans. You will find the products and services we offer invaluable to a financial sound future.

Federal Direct loan consolidation is a practical repayment tool that enables you to combine all of your federal Direct student loans into a single loan. In addition to reducing your monthly payment up to 53%, federal Direct consolidation provides flexible repayment plans, interest rate reductions, and deferment and forbearance options. How do you know if you have federal Direct student loans? Below is a detailed list of the different types of federal Direct student loans.

Benefits of Direct Student Loan Consolidation
One of the key benefits of Direct loan consolidation is payment relief. By combining all of your direct student loans into one consolidated loan, you can lengthen your repayment term from the standard 10 years to up to 30 years, depending on the amount of your education debts. With a lower monthly payment, you'll have more money available to meet other living expenses, including car payments, housing expenses, and career-related necessities. Because there are no penalties for overpayment, you can make larger payments and reduce your repayment term when it becomes affordable

Ask someone for a recommendation. If you have friends, relatives, fellow students or co-workers who use a great loan servicing company, you might be able to get a good recommendation. Ask whether or not this person is satisfied with the loan servicing company and whether or not they would actually recommend it to you. If so, you can get the name and check it out for yourself. A company that comes with high recommendations is typically a good one to go with! At the very least, you’ll probably learn about some direct loan servicing companies NOT to use.

Do some investigating. Make sure that you do some sleuthing to find a suitable student loan servicing company. The internet can be a great place to find the best direct student loan servicing company for you. However, it will take some investigating to find the right one. The first thing you should do is search ‘direct student loan servicing company’ in Google, Yahoo or MSN search. You may even want to include your city or state so that you can find local results. You’ll be given a list of results and you will need to search through these results to find the ones that are relevant to you.
Make a list of the results you find helpful so that you can return to the sites later in an attempt to narrow down the companies before contacting them. Typically, the first few pages of results listings will contain the links you need.

Once you have the list down to just a few different companies, give them a call and ask them to explain what they can do for you. Make notes as you talk to the different companies. If there is one or two you feel particularly comfortable with, make a note of that. If there are ones you are not comfortable with – make a note of that. Once you’ve completed this step, you should be able to choose a well-rounded, affordable company.