financial guides for making smart lending decisions
location: Debt Consolidation Center ... Student Debt ... Eligibility ...
return add it to your rolodex
 Lower Monthly Payments
 Lock-in Fixed Rates
 Enjoy Single Monthly Billing
 View Added Incentives
 See if Your Qualify
 View Rate Reduction Incentives
 Quick Summary Notes
 Get the Facts About Consolidation
 Home Buying Guide
 Home Improvement Guide
 Lowering Your Bills Guide
 Increasing Your Income
Let's Start Your
Student Debt Relief Application
Debt Management Notes
(links to our financial modules)
note: consolidating credit card debt
note: managing credit card use
note: managing your debt
note: back-to-school student loans
join this credit and debt
management forum
Before You Exit Site

becoming eligible for student loan consolidation

Let's Start with $10,000
The first eligibility requirement is that you have enough student loan debt to consolidate.

The minimum amount is $10,000 in total student loan debt.

You Must be in Grace or Repayment
On the date of school separation or graduation, your loans will enter into a grace period of six months where you won't need to make any payments.

At the end of six months, your loans enter into the repayment phase. This is when your monthly payments begin.

Your loans must be in either the grace or repayment periods to become eligible for consolidation. Students attending full-time do not qualify.
You should note the advantages of consolidating your loans during your grace period.

Loans Eligible for Consolidation

Subsidized Federal Stafford Loans

Direct Subsidized Stafford Loans
Unsubsidized and Non-subsidized Federal Stafford Loans
Direct Unsubsidized Stafford Loans
Federal Supplemental Loans for Students
Federal Perkins Loans
Health Professions Student Loans/HPSL
Health Education Assistance Loans/HEAL
Federal Insured Student Loans/FISL
Federal PLUS (Parent) Loans/PLUS
Direct PLUS Loans
Subsidized Federal Consolidation Loans
Direct Subsidized Consolidation Loans
Direct Unsubsidized Consolidation Loans, including Direct PLUS Consolidation Loans
Federal Nursing Loans/NSL

Loans that are Ineligible for Consolidation
Loans that are Delinquent:
if you are 150 days late on repaying your loans, most lenders will not consider your application for consolidation. You must reduce your deliniquency below 150 days.

Public Health Service Loans:
loans made under Titles VII and VIII of the Public Health Services are not eligible for consolidation.

Alternative or private education loans:
loans made by private lenders for education purposes are not eligible for federal loan consolidation.
Noneducation loans:
credit cards, auto loans, and other personal loans do not qualify for federal loan consolidation.

Apply Online w/e-sign: click here
Home Buying Site Map

privacy statement | site usage terms | contact us | email page | site map

Copyright 2003-06
Student Loan Consolidation Guide

part of the financial network
all rights reserved

operated by: nBuy Associates

BBBOnLine Reliability Seal


earn rebate dollars while shopping
download article: managing rebate credit cards
search rebate credit card programs




Home Buying Site Map