Direct Consolidation Loan

URI: https://gptkb.org/entity/Direct_Consolidation_Loan

GPTKB entity

Predicate	Object
gptkbp:instanceOf	Student Loan
gptkbp:application	online application paper application
gptkbp:benefit	potential eligibility for Public Service Loan Forgiveness access to alternative repayment plans single monthly payment
gptkbp:consequence	may lose borrower benefits from original loans may reset progress toward loan forgiveness
gptkbp:eligibility	borrowers with eligible federal student loans private student loans
gptkbp:excludes	health professions loans private loans
gptkbp:fareControl	no application fee
gptkbp:flowsThrough	loan servicer pays off existing loans
gptkbp:forgivenessEligibility	gptkb:Public_Service_Loan_Forgiveness gptkb:Income-Driven_Repayment_Forgiveness
https://www.w3.org/2000/01/rdf-schema#label	Direct Consolidation Loan
gptkbp:interestRateCalculation	weighted average of underlying loans rounded up to nearest 1/8 percent
gptkbp:introduced	1998
gptkbp:mainInterest	fixed
gptkbp:mayInclude	gptkb:PLUS_Loans gptkb:FFEL_Loans gptkb:Perkins_Loans gptkb:Direct_Subsidized_Loans gptkb:Direct_Unsubsidized_Loans
gptkbp:offeredBy	gptkb:U.S._Department_of_Education
gptkbp:purpose	combine multiple federal education loans into one
gptkbp:repaymentPlanOptions	gptkb:Graduated_Repayment_Plan gptkb:Income-Driven_Repayment_Plans gptkb:Standard_Repayment_Plan gptkb:Extended_Repayment_Plan
gptkbp:repaymentStart	immediately after consolidation
gptkbp:website	studentaid.gov
gptkbp:bfsParent	gptkb:Direct_Loan_Program gptkb:Federal_Direct_Student_Loan_Program gptkb:Federal_Direct_Loan_Program
gptkbp:bfsLayer	5