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Note2: Becoming Eligible

Who Can Qualify for Student Loan Consolidation

Directory: (individual note opens new page)
Note 1: understanding the pros and cons of consolidation
Note 2: becoming eligible for student loan consolidation
loan requirements   (links jump to content below)
  you must be in grace or repayment
  loans that qualify for federal consolidation
loans that are ineligible for federal consolidation
Note 3: getting the paperwork ready
Note 4: how and where to consolidate your student loans
  APPLY: start your application: it's FREE -- done in quick time
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  print this Student Consolidation summary booklet

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You Need at Least $8,000

  • The first eligibility requirement is that you have enough student loan debt to consolidate.

    By combining at least $10,000 in eligible federal education loans, you meet the minimum threshold for consolidation with our consolidating partners.

You Must be in Grace or Repayment

  • On the date of school separation or graduation,
    your federal education loans will enter into a grace period of six months where no payment will be required.

    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 who are still attending school do not qualify.

    You should note the advantages of consolidating your student loans during your grace period.

    click for in-grace information

Loans that Qualify for Federal Consolidation

The following loans are 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 Federal 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 delinquency 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. However they can be consider for Private Loan Consolidation.

  • Non-education loans:
    credit cards, auto loans, and other personal loans do not qualify for federal loan consolidation.
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