How does repaying a federal perkins loan work?
Perkins Loan repayment plan options are not the same as those for Direct Loan Program or FFEL Program loans. Check with your school for more information on Perkins Loan repayment plans.
That's good to know, thanks. So what if I have multiple federal student loans? How can I consolidate then?
In that case you can consolidate them into a single Direct Consolidation Loan. This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make.