Department of education consolidating federal loans

If you are in default, you can consolidate under the Income Contingent Repayment Play or Income Based Repayment Plan.If you are already consolidated but have one loan which is not, you can add that one loan into the consolidation. You can certainly contact the Department of Education and see what programs you qualify for and apply.

If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], or mail to: Nelnet P. This notation will remain on your credit history for seven years.Yes, most borrowers can change their repayment plan at any time once consolidated.You must still include at least one Direct Loan or Federal Family Education Loan to qualify.Eligible Health Professions: Health Professions Student Loans (HPSL) Health Education Assistance Loans (HEAL) Loans for Disadvantaged Students (LDS) Nursing Student Loans (NSL) Benefits of consolidating these loans would include lowering your monthly payment, having a longer repayment period, and having one single monthly payment.

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