Watch this video to learn more about what happens after submitting your FAFSA.
Loss of Deferment and Forgiveness Benefits You may not be eligible to receive the same deferments on your Consolidation Loan that you were eligible to receive on your original loans.
When you are exploring ways to pay for college, career, or technical schools, you may consider taking out a student loan—money you borrow to help you cover your education expenses and that you must pay back with interest.
Student loans originate from the federal government (called “federal student loans”) or from private sources, such as a bank, credit union, state agency, or school.
Learn the differences between federal and private loans before considering a loan.
If you need to borrow money to pay for college or career school, start with the more affordable federal student loan: Types of Federal Student Loan Programs - The William D.