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 process has not been simplified when searching for the correct forms to file. For this reason, Consumer Debt Solutions, Inc. now offers do it yourself software, similar to tax preparation software, to aid you in the preparation of the correct forms. 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 in one convenient place. The appropriate forms are selected for you and are populated with your relevant information. Additionally, we offer support and are available to answer any questions you may have.