School Loan Consolidation Information - Can I consolidate a defaulted school loan?

What about Parent PLUS school loans?

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What about Parent PLUS school loans?

PLUS loans qualify for consolidation only for the parent who obtained the loan on behalf of the student. Students can NOT include PLUS loans that were borrowed for them by their parents.

Can I consolidate jointly with my spouse to school loans?
No, as of July 1, 2006 spousal consolidations are no longer allowed. You may each consolidate separately though.

Can I consolidate a School Consolidation Loan?

If you have already consolidated all of your eligible student loans, you can NOT consolidate again. If you have a Consolidation loan and other eligible loans that have NOT been consolidated, you can consolidate them together.

Can I consolidate a defaulted school loan?

Loans that have defaulted may be eligible for consolidation as long as certain criteria are met, which are:

The holder of the defaulted loan must certify you have made satisfactory payment arrangements on the loan (s). Satisfactory payment arrangements, at a minimum, consist of three full, consecutive, voluntary, on-time payments prior to applying for a Consolidation loan.
The defaulted loan cannot be subject to a judgment or an order of administrative wage garnishment.
If there is a judgment or garnishment on the loan, the judgment must be vacated or the garnishment order must be lifted for those loans to qualify for consolidation.

Can I consolidate a Federal Student Direct Loan?
Federal Student Direct loans can be consolidated along with outstanding student loan debt from other loan programs.

School Loan Consolidation and Federal Student Loan Consolidation Information

What about Parent PLUS school loans?

Can I consolidate a School Consolidation Loan?

School Loan Consolidation and
Federal Student Loan Consolidation Information