December 2009 / SLFC

What Qualifies for Federal Student Loan Consolidation?


Wondering What Qualifies for Federal Student Loan Consolidation? You are not alone. Before you consolidate your federal student loans, you should make sure that student loan consolidation in the right option for you. You can read more about federal student loan consolidation and private student loan consolidation by clicking here.

Now, as far as What Qualifies for Federal Student Loan Consolidation:

Federal student loan consolidation can include Federal Stafford Loan consolidation, PLUS Loan consolidation, Direct Loan consolidation as well as Perkins Student Loans, HEAL Loans and all Federal FFELP and Direct Loans taken to pay for your education.

Keep in mind that Private student loan consolidation is very different than federal student loan consolidation. DO NOT CONSOLIDATE YOUR FEDERAL STUDENT LOANS INTO A PRIVATE STUDENT LOAN! You will lose your federal loan benefits if you consolidate your federal loans into a private loan consolidation.


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