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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
www.StudentLoanConsolidator.com is the leading firm helping college students and graduates reduce their monthly payments and lock in permanent interest rates.
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