Quoted from the US Government web site, Federal Citizen Information Center::

"There are many advertisers and publishers who encourage the public to believe that it is impossible to obtain information on Federal grants and loans through the Federal Government itself. This is not true. It can be difficult, the search may be frustrating: there is help.

The best overall source is the Catalog of Federal Domestic Assistance, available for use at most - but not all - Government Depository Libraries, on-line through the General Services Administration, or for sale by the Government Printing Office’s bookstores. The Catalog lists most "assistance" programs of the Government, some of which do not offer financial assistance. When using either version of the Catalog, make sure that you note both the beneficiary and the applicant. In some cases, applicants must be State or local governments. This means that individuals have to determine whether their State has applied for the program and which State office to contact. You can usually find this information from the Headquarters or Regional contacts listed for the program.

While the Catalog of Federal Domestic Assistance lists many programs, it is not all inclusive. 

Another great source to get information about benefits that may be available to you is GovBenefits.gov.  By simply filling out a online questionnaire, you may learn of benefits you are entitled to!  It is completely confidential. You don't need to enter any personal information such as your name, phone number, Social Security, or any other identifying information. Just answer some simple questions about yourself and GovBenefits.gov
will generate a list of government benefits you may be eligible for and information on how to apply." (end quote)

MORE INFO HERE at the Federal Citizen Information Center!
Federal Debt Consolidation Loans For Students

article: For American students, the U.S. Government came up with a plan that can help a student manage their student loan debt. The plan they came up with is called a Federal Direct Consolidation Loan. It does not matter if you are a recent graduate student, well into your career already, still at school, or in your grace period for repayment of a student loan. For any of those student categories, a Federal debt consolidation loan may be applied for. 

Students successful in their application for a federal debt consolidation loan may reduce the amount they need to repay each month, or increase the time that they have to pay off their current debt. 

How Does a Federal Debt Consolidation Loan Help a Student Pay Off Their Debt? 

For a student who has student loans under several different programs, bringing them all together under one direct Federal Debt Consolidation Loan can make your debts easier to manage. By combining all of your loans into one, you're only responsible for making one payment to one lender - the U.S. Government. To help make the option of debt consolidation more attractive, there are four flexible payment plans available, including two that which take income and/or income expectations into account. 

The Federal Debt Consolidation Loan is Available to Help you Manage your Student Debt. 

Student loan debt is not something that you want dragging at your feet like a ball and chain. It provides a good opportunity for students to learn to manage their finances. Even if you are still at school, it is a good time to learn to manage your debt. That will hold you in good stead as a consumer long into the future. For example, if you choose to consolidate all your student debts into one before you leave school, you can lock in an interest rate that as much as .6% lower than if you attempt to refinance later, after you have left and are no longer a student. 

For more how a Federal Direct Consolidation Loan can help lower your repayments, and manage your student debt, you can visit the Department of Education's web site. Once there, you can make use of their online debt calculator at https://loanconsolidation.ed.gov to estimate your projected monthly payment under the various plans. 

Can a Federal Direct Consolidation Loan help you manage your debt? 

There could be reasons why debt consolidation is not the best solution for any particular student. If a student is close to the end of their repayment term, for example, it may not be worth the work to consolidate. Prolonging the life of your loan is likely to increase the amount you pay overall. If you can afford the higher monthly payments to pay off the debt sooner, you can ultimately save money by doing so. 

If, however, you are sure that a Federal Direct Consolidation Loan will be to your benefit, you still need to be eligible for the program. The eligibility guidelines can be found at loanconsolidation.ed.gove/borrower/beligible.html In addition, the list of loans that are eligible for consolidation can be viewed at: loanconsolidation.ed.gov.borrower/bloans.html 

Which Federal Student Loan Consolidation Plan is the most suitable for you? 

Here are the 4 consolidation loan consolidation plans that are available to choose from: 

Standard: The standard repayment plan is fixed-rate, and runs for a maximum of 10 years. The minimum monthly payment is $50. 

Extended Repayment Plan: this is a fixed rate plan, with payments extending over the course of 12-30 years. Payments are a minimum of $50, and the life of the loan is dependent on the total amount of the debt. 

Graduated Repayment Plan: Under the graduated plan, payments start low and increase, generally every two years. The length of the repayment period can vary from 12 right up to 30 years. 

Income Contingent Repayment Plan: The monthly payment is based on a borrower's annual adjusted gross income, family size and the total amount of direct loans. 

If your student loan debt is out of control, or could be better managed, it is worth paying a visit to: https://loanconsolidation.ed.gov to see how the federal government can help you with a debt consolidation loan for students.

Author: Roy Thomsitt,