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Note4: How to Consolidate

Giving You What You Need to Consolidate Student Loans

Directory: (individual note opens new page)
Note 1: understanding the pros and cons of consolidation
Note 2: becoming eligible for student loan consolidation
Note 3: getting the paperwork ready
Note 4: how and where to consolidate your student loans
no credit check   (links jump to content below)
  information to collect
processing your application
  APPLY: start your application: it's FREE -- done in quick time
  email this page to a friend
  print this Student Consolidation summary booklet

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SayPlanning / SayLending network

First Things First

No Credit Check
Note that a federal consolidation loan does not require credit qualifications:

— no credit check required
— no qualifying criteria except your student status
— no co-signers
— no cost or fees when you apply
— no employment check
— no pre-payment penalities

Information Collected by Your Lender to Finalize Your Application
(when you are ready to consolidate your student loans)

Contact Information

— name
— current address
— social security number
— date of birth
— home phone number

— driver license number
— state drive license issues

Employment Information

— your employer name
— employer address
— employer phone

Note: you do not need to be currently employed to qualify for federal consolidation program
School Information

— date of separation
— name of last school


— reference1 name and address
— reference2 name and address

You will need to supply the names of two references. These are references who are not living with you but have known you for three years or more
Student Loans Being Consolidated

— loan type
— loan balance and rate
— loan holder information

You can find this information at the Department of Education: click here

Note: our consolidating partners can assemble your loan information for you. Simply start your application here

download this paper application form as reference

Processing Your Application

Note the processing steps once you submit your application:
  • you can e-sign your application using the online application or phone application — this allows faster processing of your application without the paperwork and physical signatures
  • a consolidating specialist may need to contact you to verify your loan information — make sure you leave a valid phone number or email address
  • an electronic copy of your application will be sent to your email address for your records — make sure you contact your consolidator if you need to make revisions
  • your consolidator will then certify your information with your lenders and schools (to verify that the loan information is correct)
  • once your loan information has been certified, your consolidator will then work with designated lender who will underwrite your loan
  • you will receive notification from your consolidator and lender that your loans have been consolidated with information on your new loan and payment terms
  • you should continue to make all of your regular payments on the loans that you consolidated until you receive your new Loan Consolidation Disclosure Statement and Repayment Schedule from your new loan servicer
  • the entire process can take about 2-3 weeks
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