| A student loan debt consolidation loan allows you to | | | | It is worth noting that you are still eligible for a student |
| combine your federal student loans into a single loan | | | | loan debt consolidation loan after you graduate, leave |
| with one monthly payment. The repayments of a | | | | school, or drop below half-time enrollment. You can |
| student loan debt consolidation loan can be significantly | | | | also get a student loan debt consolidation loan while |
| lower than the payment required under the standard | | | | you're in school. You must, however, be attending at |
| 10-year repayment option. Under the Federal Family | | | | least half time and have at least one Direct Loan or |
| Education Loan (FFEL) Program, banks, secondary | | | | FFEL in an 'in-school period' which generally means |
| markets, credit unions, and other lenders provide the | | | | that you have been continuously enrolled at least half |
| student loan debt consolidation loan. Under the William | | | | time since the loan was disbursed. There are a |
| D. Ford Federal Direct Loan (Direct Loan) Program, the | | | | number of conditions that need to be met for you to |
| federal government provides the student loan debt | | | | qualify for a student loan debt consolidation loan, |
| consolidation loan. | | | | especially if you are delinquent or in default and your |
| Most federal education loans are eligible for inclusion in | | | | loan holder will be able to give you all the necessary |
| a student loan debt consolidation loan, including | | | | information. |
| subsidized and unsubsidized Direct and FFEL Stafford | | | | If the same holder holds all the FFEL loans you want |
| Loans, SLS, Federal Perkins Loans, Federal Nursing | | | | to consolidate, you must obtain the student loan debt |
| Loans, and Health Education Assistance Loans. | | | | consolidation loan from that holder, unless you haven't |
| However, private education loans are not eligible for | | | | been able to get a loan with income-sensitive |
| inclusion in a student loan debt consolidation loan. | | | | repayment terms that are acceptable to you. To be |
| To find out which loans can be included in a student | | | | eligible for a William D. Ford direct student loan debt |
| loan debt consolidation loan contact the Direct Loan | | | | consolidation loan, you must have either a direct |
| Origination Center's Consolidation Department if you're | | | | Stafford subsidized or unsubsidized loan that will be |
| applying for a direct student loan debt consolidation | | | | included in the student loan debt consolidation loan or |
| loan. Contact a participating FFEL lender if you're | | | | have at least one Federal Family Education Loan |
| applying for a FFEL student loan debt consolidation | | | | (FFEL) program Stafford subsidized or unsubsidized |
| loan. | | | | loan. |