Consolidating your federal education loans can simplify your payments, but it also can result in the loss of some benefits.

If your federal student loan payments are high compared to your income, you may want to repay your loans under an income-driven repayment plan.

Understand how interest is calculated and what fees are associated with your federal student loan.

Federal Direct Loans may be subsidized or unsubsidized. Both types offer numerous benefits, including flexible repayment options, low-interest rates, the option to consolidate loans, and forbearance and deferment programs.

Consumer Financial Protection Bureau (CFPB) facilitates a webinar with guest speaker Betsy Mayotte of The Institute of Student Loan advisors. The webinar focuses on tips on what to avoid to prevent being a victim of student loan debt relief scams.