Federal student loan borrowers have the option of consolidating their loans via the Direct Consolidation Loan program offered by the U. That loan is then serviced by the servicer of your choosing – of which Nelnet is one! Consolidating allows you to merge multiple eligible loans into a single loan.Want to simplify your life with one monthly payment? There is one caveat: federal student loans can be combined into Federal Direct Loan Consolidation but private student loans can't.To lower your monthly payment and simplify loan repayment, consider a Traditional Direct Consolidation Loan.The student loan market is massive and keeps on getting bigger every year.

Federal loan consolidation can lower your monthly payment if you extend your loan term, but stretching out payments over a longer time period without an interest rate reduction can increase overall repayment costs.

In reality, though, not that many people end up being eligible.

Requirements vary depending on the type of loan, but most offer forgiveness for those employed in certain public-service occupations.

The cost of a secondary education has increased substantially in recent years and it’s not showing any signs of slowing down any time soon.

While the costs have gone up, the importance of getting a college degree is still there.