Under the Federal Family Education Loan (FFEL) Program, the banks, secondary markets, credit unions and other lenders provide the student loan debt consolidation loan. Under the William D. Ford Federal Direct Loan Program, the federal government provides the student loan debt consolidation loan.

Who You Can Contact To Determine As To What Loans Can Be Included In A Student Debt Consolidation Loan?

To find out which loans can be included in a student loan debt consolidation loan contact the Direct Loan Origination Center's Consolidation Department if you’re applying for a direct student loan debt consolidation loan. Contact a participating Federal Family Education Loan (FFEL) lender if you are applying for a Federal Family Education Loan (FFEL) student loan debt consolidation loan.

What Loans Are Eligible For Inclusion In Student Loan Debt Consolidation Loan?

Most federal education loans are eligible for inclusion in a student loan debt consolidation loan, those loans include subsidized and unsubsidized Direct and Federal Family Education Loan (FFEL) Stafford Loans, SLS, Federal Perkins Loans, Federal Nursing Loans, and Health Education Assistance Loans. However, private education loans are not eligible for inclusion in a student loan debt consolidation loan.

What Are The Repayment Options?

The repayments that students have to make under student loan debt consolidation loan are significantly lower than the payment required under the standard 10-year repayment option.

Till When You Are Eligible To Get A Student Loan Debt Consolidation Loan?

It is of great importance to know that you are still eligible for a student loan debt consolidation loan after your graduation, or you leave your school, or drop below half-time enrollment from your institution. It is also of great value to know that you can also get a student loan debt consolidation loan while you are still in school. The minimum criteria that would be required is that you must be attending at least half time and have at least one Direct Loan or Federal Family Education Loan (FFEL) in the period in which you were attending school, which generally means that you have been continuously enrolled at least half time since the loan was disbursed. There are a number of conditions that need to be met for you to qualify for a student loan debt consolidation loan, especially if you are careless in paying the loan or you have a complete failure to pay and your loan holder (your university) will be able to give you all the necessary information.

What Would Be The Best Option For You To Get Student Loan Debt Consolidation Loan From?

If the loan holder holds all the Federal Family Education Loan (FFEL) loans you want to consolidate, then in that case you must obtain the student loan debt consolidation loan from that holder unless you have not been able to get a loan with income-sensitive repayment terms that are acceptable to you. To be eligible for a William D. Ford direct student loan debt consolidation loan, the terms for this are that you must have either a direct Stafford subsidized or unsubsidized loan that will be included in the student loan debt consolidation loan or have at least one Federal Family Education Loan (FFEL) program Stafford subsidized or unsubsidized loan.

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