Unconsolidated loans can be consolidated in the future, but once you consolidate you can not unconsolidate.
This is in contrast with
unconsolidated loans, which use a variable rate that changes each July 1.
Maximum repayment term of 10 years for
unconsolidated loans, and up to 30 years for consolidated loans.
Besides Income - Based Repayment (IBR), there is also the Standardized Repayment Plan which has fixed payments for 10 years for
unconsolidated loans, and for anywhere from 10 to 30 years for consolidated loans.
Variable interest rates for all Stafford Loans originated before July 1, 2006 (
unconsolidated loans only) are reset each year.
Maximum repayment term of 10 years for
unconsolidated loans, and up to 30 years for consolidated loans.
Federal student loans can only be consolidated once unless a previously
unconsolidated loan is included in the new consolidation.
Let's assume a Direct
Unconsolidated Loan of $ 20,000 with a 2013 interest rate of 6.80 % by a teacher earning $ 40,000 a year.
Not exact matches
If for some reason you left a previous
loan out of the student debt consolidation process and then you decide that you want to include it, you can consolidate your student debt once again combining the outstanding consolidated student debt
loan with the previous
unconsolidated federal student
loan.