Eligibility for
a student consolidation loan
You're eligible to consolidate all (or any combination) of your
loans if you meet the following conditions:
- You have a total loan balance over $10,000.
- You have completed the educational program for which you have borrowed
the money. (This does not apply for Parent Plus Loans.)
- You are in your Grace Period, Deferment, Forbearance or in Repayment.
- You have multiple Lenders/Servicers.
- You are not in default. (No payment made for 270 days.)
You can also re-consolidate if you have previously consolidated with the Direct Loan Program.
Accepted Loan Types
- Subsidized Federal Stafford Loans
- Unsubsidized Federal Stafford Loans
- All Federal Direct Student Loans (Direct Loans)
- Federal Parent Loans for Undergraduate Students (PLUS)
- Federal Perkins Loans
- Health Professions Student Loans
- Health Education Assistance Loans (HEAL)
- Nursing Student Loans
- Federal Supplemental Loans for Students (SLS)
- Auxiliary Loans to Assist Students (ALAS)
- National Direct Student Loans (NDSL)
- Federally Insured Student Loans (FISL)
- Federal Consolidation Loans
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