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All About Student Loans
A student loan is an unsecured loan made by lenders that receive government underwriting assistance. Without this government assistance, student loans would not be very practical. Lenders would find Read more...

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Debt Consolidation Loan, To Consolidate Or Not To Consolidate
Are you in debt? Do you think that making good your obligations seems too impossible? Are you starting to contemplate on filing for bankruptcy? You may change your mind if some one or somebody will Read more...

Allowed Minimum Loan Amount -- To consolidate student loans the student must owe more than one loan the total of which exceeds the allowed minimum loan amount of $10,000.00

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Eligible Loans for Federal Loan Consolidation
By U.S Department of Education

The following federal education loans are eligible for consolidation into a Federal Consolidation Loan:
* 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

Ineligible Loans
Some loans are always ineligible for consolidation. While these loans may not be included in a Federal Consolidation Loan, they may be considered in the calculation of the maximum repayment period under the Graduated or Extended Repayment Plan. These include but are not limited to the following:

* Loans made by a state or private lender and not guaranteed by the federal government
* Primary Care Loans
* Law Access Loans
* Medical Assist Loans
* PLATO Loans

Source: US Department of Education and StudentLoanConsolidator.com


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