Detroit Guide

Detroit Guide

Your passport to the city. Click the image to check out our guide for helpful hints to make the most of your Detroit experience.

Student Service Center

Student Service Center

“I have made lifelong friendships with people from all walks of life.  I love the diversity found at Detroit Mercy Law.” – John Biernat ‘16

Get the full Detroit Mercy Law Experience

Get the full Detroit Mercy Law Experience

 “Take advantage of all the opportunities that the school has to offer.  From writing workshops to getting involved in student organizations, get the full Detroit Mercy Law experience. You’ll love it!” - Aaron Jackson ‘17

A caring Administration

A caring Administration

“The professors at Detroit Mercy Law are gracious with their time and advice, and they have a wealth of knowledge and experience they are more than willing to share with you. Beyond that, the administration has been amazing– they are hilarious, helpful and compassionate.” – Aruna Vithiananthan ‘17

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What is consolidation?

Loan consolidation is a new loan that is created by combining the repayment of two or more loans to reduce the amount of monthly payments and extend the loan repayment term.

Should you consolidate?

The only option for consolidating your federal student loans is now through the Direct Loan program. Typically loan consolidation reduces your monthly payment by extending the term of the loan. An important consideration in the decision to consolidate should be the total cost of the loan.  This can be higher with consolidation because the repayment period can be much longer than the standard period.  Further benefits associated with loans are lost when those loans are consolidated.

However, if you are planning to work in a Public Interest Job and hope to qualify for loan forgiveness the loans to be forgiven must be held by the Direct Loan program.  So for certain borrowers the potential for loan forgiveness may outweigh the cost of losing borrower benefits.

Helpful links

  1. Consolidation information from the Department of Education