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Federal perkins loan vs. Federal direct loan investopedia. If you qualify for both of these student loans a direct loan and a perkins which should you try to get? It depends on your income and education level. Direct loan federal direct loan direct student loan. A direct consolidation loan allows you to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment instead of. Consolidation loans combine several student or parent loans into one bigger loan from a single lender, which is then used to pay off the balances on the other loans. Student loans direct from the u.S. Department of education. Check the latest rates and pay for your college with a direct loan. Compare the federal benefits with other state and private lenders.
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