You have the option to select the servicer of your choice (of which, Nelnet is an option) After your new Direct Consolidation Loan is complete, you may still add more eligible loans to your existing consolidation.If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).You might have a mix of both federal and private loans and have several different loan servicers.This can make keeping track of your total debt, minimum payments, and monthly due dates confusing.
Contact MD Financial Management or call by the end of residency in flexible annual increments to help you effectively manage and consolidate your debt.
By consolidating credit card balances, loans and lines of credit, you can pay down debt faster with one easy monthly payment – often at a lower interest rate.
Two options are: The following chart shows how a hypothetical educator who has ,000 in credit card debt could lower his or her monthly payments by 5 and save about ,682 on total interest paid by consolidating debt into a home equity loan.
And consolidating your debt can make your financial planning and day-to-day finances more convenient.
Together with your MD advisor, you can decide if consolidating your student loans makes sense.
With All-In-One Banking™, you can combine your chequing, high-interest savings, loans and mortgages within a single line of credit banking solution that gives you greater convenience and lower interest costs.