There is over $1 trillion in student loan debt according to the U.S. Bureau of Labor Statistics. The percentage of population with student loans has more than doubled since 2003 to about 15% in 2012. The average student loan debt is approximately $30,000 among middle aged borrowers. Approximately 90% of those students loans are from the federal government. The William D Ford Direct Loan Consolidation Program switched all student lending over to the Direct Loan program in 2010 and made it possible for borrowers to pay back loans by consolidating them under favorable terms and various programs.
If you are looking for information on how to consolidate federal student loans, the Department of Education has not simplified the process in searching for the correct forms to file. For this reason, we point out that a simple internet search for “Free DIY Student Loan Consolidation” can direct you to resources that are devoted to assisting you in the preparation of the correct forms. Additionally, all of the links you need in order to see the various programs you qualify for as well as links to gain access to your loans are provided at https://studentaid.ed.gov/sa/repay-loans.