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Federal Consolidation Loan Application and Promissory Note (continued) Disclosure of Terms Repayment This Note applies to Federal Consolidation Loans made under the Federal Family Education Loan Program.

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What is federal consolidation loan application?

Federal consolidation loan application is a form that allows borrowers to combine multiple federal student loans into one loan with a new interest rate and repayment terms.

Who is required to file federal consolidation loan application?

Any borrower with eligible federal student loans may choose to file a federal consolidation loan application.

How to fill out federal consolidation loan application?

To fill out a federal consolidation loan application, borrowers can visit the official website of the loan servicer or contact their loan servicer directly for instructions and guidance.

What is the purpose of federal consolidation loan application?

The purpose of a federal consolidation loan application is to simplify loan repayment by combining multiple federal student loans into one loan with a fixed interest rate and a single monthly payment.

What information must be reported on federal consolidation loan application?

Borrowers must report their personal information, contact details, loan information, employment information, and income details on the federal consolidation loan application.

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