Consolidating student loans that are in default


Unfortunately, in order to be eligible for Public Service Loan Forgiveness on your Federal Direct student loans, you have to be enrolled in an eligible repayment plan and consistently making on-time payments.Typically, consolidation is the best option of getting out of default quickly, as you’re able to move directly into an Income-Driven Repayment plan and can immediately start building credit towards Public Service Loan Forgiveness if you’re eligible.If they wish to consolidate, parent PLUS borrowers may exclude the PLUS loans from the consolidation and pay them separately.These borrowers should also be able to consolidate and choose ICR.See the programs for military section of this site for information about other options for military service members and certain civilians affected by war or national emergencies.Parent PLUS borrowers who also have other federal student loans and choose to consolidate with Direct will find that the PLUS loan taints the entire consolidation loan and will mean that they will not be eligible to repay the consolidation loan using IBR.



Once you are out of default, you can also choose one of the income-driven repayment plans.You are eligible to consolidate with the Direct Loan program as long as you have at least one FFEL or Direct Loan.Direct Consolidation allows defaulted borrowers to make three consecutive reasonable and affordable monthly payments or agree to pay under Income Driven Repayment.You should consider the pros and cons of consolidation before making this choice.

This section contains information about how to consolidate if you have already defaulted on your loans.

Before the Department will complete the process, they will send you a summary sheet that lists the loans that will be included in the consolidation.



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