Monday, August 2, 2010

Am I eligible to consolidate my loans?

Am I eligible to consolidate my loans?
In order to consolidate your loans, you must meet the following criteria:
- You are in your six-month grace period following graduation
- or you have started repaying your loans
- You have eligible loans totaling over $7,500
- You have more than one lender
- You have not already consolidated your student loans, or since consolidation you have gone back to school and acquired new student loans
The following types of loans can be consolidated:
# Direct Subsidized and Unsubsidized Loans
# Federal Subsidized and Unsubsidized Federal Stafford Loans
# Direct PLUS Loans and Federal PLUS Loans
# Direct Consolidation Loans and Federal Consolidation Loans
# Guaranteed Student Loans
# Federal Insured Student Loans
# Federal Supplemental Loans for Students
# Auxiliary Loans to Assist Students
# Federal Perkins Loans
# National Direct Student Loans
# National Defense Student Loans
# Health Education Assistance Loans
# Health Professions Student Loans
# Loans for Disadvantaged Students
# Nursing Student Loans

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