Student Loan | Federal Student Loan Consolidation

January 17, 2012 – 5:05 am

Who is eligible for student loan consolidation?

There are very few requirements to qualify for federal student loan consolidation. The following requirements are the basis for eligibility:
You must have more than $10,000 in outstanding federal Student Loans.
You must be finished with school or taking less than 6 credit hours and attending classes.
You can not consolidate any defaulted federal student loans until they have been repaired.

In addition, consolidation loans are easy to get.
You do not need to be employed.
You do not need to have any form of collateral.
You do not need a cosigner.
You do not need to have good credit.

Even Parent PLUS loans can be consolidated! You can combine the loans for all of your children into one easy payment.

Speak to a knowledgeable loan counselor today and find out if consolidation is right for you.


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