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Eligible Loans for Federal Loan Consolidation

from:


The following federal education loans are eligible for consolidation into a Federal Consolidation Loan:

* Direct Subsidized and Unsubsidized Loans
* Federal Subsidized and Unsubsidized Federal Stafford Loans
* Direct PLUS Loans and Federal PLUS Loans
* Direct Consolidation Loans and Federal Consolidation Loans
* Guaranteed Student Loans
* Federal Insured Student Loans
* Federal Supplemental Loans for Students
* Auxiliary Loans to Assist Students
* Federal Perkins Loans
* National Direct Student Loans
* National Defense Student Loans
* Health Education Assistance Loans
* Health Professions Student Loans
* Loans for Disadvantaged Students
* Nursing Student Loans


Ineligible Loans

Some loans are always ineligible for consolidation. While these loans may not be included in a Federal Consolidation Loan, they may be considered in the calculation of the maximum repayment period under the Graduated or Extended Repayment Plan. These include but are not limited to the following:

* Loans made by a state or private lender and not guaranteed by the federal government
* Primary Care Loans
* Law Access Loans
* Medical Assist Loans
* PLATO Loans

Source: US Department of Education and StudentLoanConsolidator.com


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Consolidation Loan Loan Refinance Student News

Loan consolidation -- for a fee - Minneapolis Star Tribune (blog)


Loan consolidation -- for a fee
Minneapolis Star Tribune (blog)
Now, thousands of Minnesotans saddled with student debt are companies' latest targets: For a cost, they'll consolidate your federal loans for you. As college graduates' average debt rises and US legislators gridlock over a contentious debate on ...

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Romney on Education Reform - Atlanta Journal Constitution (blog)


Romney on Education Reform
Atlanta Journal Constitution (blog)
Consolidate duplicative and overly complex programs within the Department of Education. Focus the Department on giving students and families with financial need the appropriate information about completion and persistence, loan repayment rates, ...

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Graduating Collegians Cope with Student Debt in a Weak Economy - LoanSafe


Graduating Collegians Cope with Student Debt in a Weak Economy
LoanSafe
She and other experts urge graduates to explore their options to consolidate loans and to apply for programs that could reduce and stretch out their payments, and possibly forgive portions in the long run if their incomes are low enough.

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Student Loans And How They Will Affect Your Credit - San Francisco Chronicle


Student Loans And How They Will Affect Your Credit
San Francisco Chronicle
For federal loans, the Federal Direct Student Loan Program allows you to consolidate most federal loans. In the case of private loans, you can apply for a loan and use it to pay off multiple private loans, so as to consolidate the amount and roll ...

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How I'm Repaying $120000 in Student Loans - Huffington Post


How I'm Repaying $120000 in Student Loans
Huffington Post
Right now, I have 13 student loans outstanding. Once the payments start after my grace period is up, I will have a paperwork nightmare. To simplify the repayment process and fix my interest rate, I am going to consolidate my federal student loans into ...

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