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Student Consolidation Loans
Are you interested in Student Consolidation Loans? Many college students are burdened with the high costs of educational loans. For those students that are having difficulties keeping up with their financial obligations due to a high amount of student loan debt and the student has exhausted all options through forbearance or deferment, Student Consolidation Loans may be a viable option.
Do you want to apply for Student Consolidation Loans?
Apply for Student Consolidation Loans today.
Just as with federal and Private Loans, there are several options available for those pursuing Student Consolidation Loans. Some of the Federal Student Consolidation Loans that are available are listed below:
• FFELP Consolidation Loans
• FDSLP Consolidation Loans
In order to qualify for Student Consolidation Loans, there are several criteria which must be met. For FFELP student consolidation loans, the student must be in repayment (three on-time payments) of the defaulted loan(s). Most of the FFELP Loans and the FDSLP Loans may be consolidated if the borrower in default agrees to repay their new Student Consolidation Loans through an Income Contingent Repayment Plan. Moreover, before considering Student Consolidation Loans, there are several special considerations regarding the student’s credit. Before inquiring about Student Consolidation Loans, students may want to allow their defaulted loan to go in to Rehabilitation.
With regards to Student Consolidation Loans, Rehabilitation refers to the student bringing the defaulted student loan out of a default status prior to applying. If the student continues to make regular payments on the loan for a predetermined period (9 on time payments for 10 months for FFELP and FDSLP Loans), the notification of default will be removed from the default borrower credit history. The limitations and conditions for rehabilitation are subjective to the terms and conditions of the lender.
Do you want to apply for Student Consolidation Loans?
Apply for Student Consolidation Loans today.