While it's not possible to use the federal
Direct loan consolidation program to combine your federal student loans with private loans, it is possible to combine private and federal student loans by refinancing them with a private lender.
(The US Department of Education has confirmed this for
the Direct Loan Consolidation Program.
While his adversary proceeding was dismissed, ECMC tried to assist Plaintiff in «applying to the William D. Ford
Direct Loan Consolidation Program's Income - Based Repayment plan.»
«Plaintiff desires to repay her debt owed to ECMC and DOE under the Income - Based Repayment (IBR) for which she is eligible in her current loan program or through consolidation of her current loans in the William D. Ford
Direct Loan Consolidation Program (Ford Program).
It seems the fact you can't consolidate the spousal consolidation loans again makes them eligible for
the Direct Loan consolidation program.
Under
the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loan.
Loan consolidation can occur in one of two ways: either federally through the U.S. Department of Education's
Direct Loan Consolidation Program, or through a private lender (known then as refinancing).
In order for Parent PLUS Loans to become eligible for ICR, they need to be consolidated as part of
the Direct Loan Consolidation Program.
The ICRP is available only in the Direct Loan Program, including
the Direct Loan consolidation program.
Also be on the lookout for companies who say they offer their own loan consolidation that is similar to, or better than,
the Direct Loan Consolidation Program.
If it's a federally guaranteed loan (Great Lake Higher Education Corp should be), look into the William D. Ford
Direct Loan consolidation program.
Typically, loan consolidation can occur in one of two ways: either federally through the U.S. Department of Education's
Direct Loan Consolidation Program, or through a private lender.
Consolidating under
the Direct Loan Consolidation program will not require a credit check, whereas private refinance programs are credit underwritten, meaning you'll need to pass a credit check to be approved.
Only federal loans are eligible for consolidation under
the Direct Loan Consolidation program, whereas federal and private education loans are eligible for refinancing through Brazos.
Certain repayment options may be available through
the Direct Loan Consolidation program that are not available through private lenders.
Not exact matches
Borrowers who select a Pay As You Earn repayment
program are eligible if they have
Direct Stafford
Loans, subsidized or unsubsidized, Direct PLUS loans to students, or consolidation loans that do not include PLUS loans made to par
Loans, subsidized or unsubsidized,
Direct PLUS
loans to students, or consolidation loans that do not include PLUS loans made to par
loans to students, or
consolidation loans that do not include PLUS loans made to par
loans that do not include PLUS
loans made to par
loans made to parents.
With a graduated repayment
program, federal student
loan borrowers with
Direct Stafford
Loans, subsidized or unsubsidized, PLUS loans, or consolidation loans have a fixed monthly payment that adjusts every two or three y
Loans, subsidized or unsubsidized, PLUS
loans, or consolidation loans have a fixed monthly payment that adjusts every two or three y
loans, or
consolidation loans have a fixed monthly payment that adjusts every two or three y
loans have a fixed monthly payment that adjusts every two or three years.
These include
Direct Stafford
Loans, Perkins Loans, Grad PLUS Loans, Parent PLUS Loans and consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
Loans, Perkins
Loans, Grad PLUS Loans, Parent PLUS Loans and consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
Loans, Grad PLUS
Loans, Parent PLUS Loans and consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
Loans, Parent PLUS
Loans and consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
Loans and
consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
loans, and each type has specific criteria for who is eligible, the interest rate offered,
loan amounts, and repayment
programs.
Borrowers with
Direct Stafford
loans, both subsidized and unsubsidized, those with PLUS
loans, or
consolidation loan may opt for the standard repayment
program.
Under an income - contingent repayment
program, borrowers with
Direct Stafford
loans of any kind, PLUS
loans made to students, and
consolidation loans have their monthly payment based on the lesser of 20 percent of discretionary income or the amount due on a repayment plan with a fixed payment over 12 years, adjusted for income.
Borrowers who choose to consolidate under the
Direct Consolidation Loan program are eligible to choose their servicer.
Loans from these
programs do not qualify for PSLF, but they may become eligible if you consolidate them into a
Direct Consolidation Loan.
If you consolidate parent PLUS
loans with other
direct federal student loans into a Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR
direct federal student
loans into a Federal
Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR
Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR pl
Loan, the only income - driven repayment (IDR)
program that
loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR pl
loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plans.
Although made under the
Direct Loan Program,
Direct PLUS
Loans for parents must be consolidated into a
Direct Consolidation Loan in order to benefit from PSLF.
This includes FFEL
Program Loans that were repaid through a
Direct Consolidation Loan, if they meet these criteria.
Step 3: Lastly, while FFEL
Program and Perkins
loans are not eligible for PSLF, you may be able to get around this by taking out a
Direct Consolidation Loan, which is eligible for PSLF.
However, if you consolidate your FFEL
Program loans into a
Direct Consolidation Loan, you'll then have access to the REPAYE, PAYE, and ICR plans.
However, if you consolidate a FFEL
Program Loan or Federal Perkins Loan into a Direct Consolidation Loan, you may then be able to repay the Direct Consolidation Loan under the REPAYE, PAYE, and ICR Plan (depending on the type of loan that you consolida
Loan or Federal Perkins
Loan into a Direct Consolidation Loan, you may then be able to repay the Direct Consolidation Loan under the REPAYE, PAYE, and ICR Plan (depending on the type of loan that you consolida
Loan into a
Direct Consolidation Loan, you may then be able to repay the Direct Consolidation Loan under the REPAYE, PAYE, and ICR Plan (depending on the type of loan that you consolida
Loan, you may then be able to repay the
Direct Consolidation Loan under the REPAYE, PAYE, and ICR Plan (depending on the type of loan that you consolida
Loan under the REPAYE, PAYE, and ICR Plan (depending on the type of
loan that you consolida
loan that you consolidate).
Perkins or FFEL
Program loans, for example, are not eligible for Public Service
Loan Forgiveness, unless they are consolidated into a
Direct Consolidation Loan.
There are no fees to consolidate federal education
loans within the
Direct Consolidation Loan program.
One of the best places to start looking is the federal
Direct Consolidation Loan program.
Parents with PLUS
loans who apply for a
consolidation loan through the FFEL program are not required to pass a credit check; parents with PLUS loans who apply for a Direct Consolidation Loan must undergo a check for adverse cr
consolidation loan through the FFEL program are not required to pass a credit check; parents with PLUS loans who apply for a Direct Consolidation Loan must undergo a check for adverse credit hist
loan through the FFEL
program are not required to pass a credit check; parents with PLUS
loans who apply for a
Direct Consolidation Loan must undergo a check for adverse cr
Consolidation Loan must undergo a check for adverse credit hist
Loan must undergo a check for adverse credit history.
Two
consolidation programs — the Federal Family Education
Loan (FFEL)
Program and the Federal
Direct Loan Program — have historically been available although many FFEL lenders no longer offer
consolidation loans.
The
Direct Loan (DL) Program and the Federal Family Education Loan (FFEL) Program are two programs that fall under the Higher Education Act (HEA); both allow loan consolidation to pay off multiple federal student lo
Loan (DL)
Program and the Federal Family Education
Loan (FFEL) Program are two programs that fall under the Higher Education Act (HEA); both allow loan consolidation to pay off multiple federal student lo
Loan (FFEL)
Program are two
programs that fall under the Higher Education Act (HEA); both allow
loan consolidation to pay off multiple federal student lo
loan consolidation to pay off multiple federal student
loans.
As a part of the
Direct Consolidation Loan Program, the old federal education loans are paid by the Department of Education and after that it issues a consolidated l
Loan Program, the old federal education
loans are paid by the Department of Education and after that it issues a consolidated
loanloan.
Direct loans: A batch of
loans, including Stafford, Plus and
consolidation loans, supported by the William D. Ford Federal
Direct Loan Program that allows students and parents to borrow directly from the U.S. Department of Education.
Or image in this situation shared to me by student
loan lawyer Adam Minsky: I had a client who tried to consolidate his
loans through the
Direct consolidation program though a servicer (Servicer 1).
Under an income - contingent repayment
program, borrowers with
Direct Stafford
loans of any kind, PLUS
loans made to students, and
consolidation loans have their monthly payment based on the lesser of 20 percent of discretionary income or the amount due on a repayment plan with a fixed payment over 12 years, adjusted for income.
With a graduated repayment
program, federal student
loan borrowers with
Direct Stafford
Loans, subsidized or unsubsidized, PLUS loans, or consolidation loans have a fixed monthly payment that adjusts every two or three y
Loans, subsidized or unsubsidized, PLUS
loans, or consolidation loans have a fixed monthly payment that adjusts every two or three y
loans, or
consolidation loans have a fixed monthly payment that adjusts every two or three y
loans have a fixed monthly payment that adjusts every two or three years.
You can apply for this through the
Direct Consolidation Loan Program.
Borrowers with
Direct Stafford
loans, both subsidized and unsubsidized, those with PLUS
loans, or
consolidation loan may opt for the standard repayment
program.
With an income - based repayment
program, borrowers with
Direct Stafford
loans of any kind, PLUS
loans to students, or
consolidation loans not including Parent PLUS
loans have monthly payments capped at ten or 15 percent of discretionary income.
Borrowers who select a Pay As You Earn repayment
program are eligible if they have
Direct Stafford
Loans, subsidized or unsubsidized, Direct PLUS loans to students, or consolidation loans that do not include PLUS loans made to par
Loans, subsidized or unsubsidized,
Direct PLUS
loans to students, or consolidation loans that do not include PLUS loans made to par
loans to students, or
consolidation loans that do not include PLUS loans made to par
loans that do not include PLUS
loans made to par
loans made to parents.
A
Direct Consolidation Loan is offered through the federal government's
Direct Lending
Program.
The Revised Pay As You Earn or REPAYE
program is available to borrowers who have outstanding
Direct Stafford
loans of any kind, PLUS
loans (for students only) or
consolidation loans that do not include PLUS
loans made to parents.
These include
Direct Stafford
Loans, Perkins Loans, Grad PLUS Loans, Parent PLUS Loans and consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
Loans, Perkins
Loans, Grad PLUS Loans, Parent PLUS Loans and consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
Loans, Grad PLUS
Loans, Parent PLUS Loans and consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
Loans, Parent PLUS
Loans and consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
Loans and
consolidation loans, and each type has specific criteria for who is eligible, the interest rate offered, loan amounts, and repayment prog
loans, and each type has specific criteria for who is eligible, the interest rate offered,
loan amounts, and repayment
programs.
As we've mentioned before, consolidating student
loans through the
Direct Student
Loan Consolidation Program can be the right choice if you don't have a great credit score and you're in an uncertain financial situation.
Although
loan forgiveness under this program is available only for loans made and repaid under the Direct Loan Program, loans made under other federal student loan programs may become eligible for forgiveness if they are consolidated into a Direct Consolidation L
loan forgiveness under this
program is available only for loans made and repaid under the Direct Loan Program, loans made under other federal student loan programs may become eligible for forgiveness if they are consolidated into a Direct Consolidatio
program is available only for
loans made and repaid under the
Direct Loan Program, loans made under other federal student loan programs may become eligible for forgiveness if they are consolidated into a Direct Consolidation L
Loan Program, loans made under other federal student loan programs may become eligible for forgiveness if they are consolidated into a Direct Consolidatio
Program,
loans made under other federal student
loan programs may become eligible for forgiveness if they are consolidated into a Direct Consolidation L
loan programs may become eligible for forgiveness if they are consolidated into a
Direct Consolidation LoanLoan.
Federal
consolidation programs include
Direct Loans and FFEL
Loans.
If you consolidate parent PLUS
loans with other
direct federal student loans into a Federal Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR
direct federal student
loans into a Federal
Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR
Direct Consolidation Loan, the only income - driven repayment (IDR) program that loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR pl
Loan, the only income - driven repayment (IDR)
program that
loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR pl
loan will be eligible for is income - contingent repayment (ICR), the least generous of all IDR plans.