Reconsolidating federal student loans


19-Jan-2016 03:07

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With just a few exceptions, you get only one chance to consolidate with the government loan programs.WARNING: It is very dangerous to consolidate federal loans into a private consolidation loan.These are just a few of the issues to keep in mind when students, or former students, are contemplating consolidation.To view this Web site effectively, you will need one of the following supported browsers from Microsoft, Google, Mozilla, or Apple.

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Loans that are not eligible for consolidation include state or private loans that are not federally guaranteed.

Although all of these different loans may be consolidated, you must have at least one outstanding FFEL or Direct Loan to obtain a Direct Consolidation Loan.