Get all the information you need to manage repayment of your federal student loans.
Understanding the repayment process for your federal student loans can go a long way toward building a solid financial foundation.
Remember, federal student loans are real loans, just like car loans or mortgages. You must repay a student loan even if your financial circumstances become difficult. Your student loans cannot be canceled because you didn’t get the education or job you expected, or because you didn’t complete your education (unless you couldn’t complete your education because your school closed).
Or more information on choosing and understanding your payment plan, to loan consolidation
visit: http://studentaid.ed.gov/repay-loans