Adverse credit entries may eliminate some applicants from consideration.
By considering the families Expected Family Contribution (EFC), campus financial aid offices paint a realistic picture of funding shortfalls, and set about correcting them with various forms of assistance.
This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make.
There may be tradeoffs, however, so you'll want to learn about the advantages and possible disadvantages of consolidation before you consolidate.
That does not mean that everyone qualifies but for those that do it can relieve a great financial burden.
One big way to give your loans forgiven is volunteer work.This takes one to three days, and you'll receive an e-mail (if you provide one) when this is complete.