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For your FFEL Program loans to qualify for PSLF, you will need to consolidate your FFEL Program loans into a Direct Consolidation Loan. Only Direct Loans are eligible for PSLF. Normally, when you consolidate, you don’t get credit toward PSLF for the payments you made before you consolidated.
4 cze 2021 · Consolidation: FFELP consolidation loans allowed borrowers to combine multiple federal student loans into one. The loan program ended in 2010 when the Health Care and Education...
Kind of—federal student loan borrowers can consolidate their loans. Consolidation combines your federal student loans into one loan with one monthly payment. Learn about the pros and cons before you consolidate.
24 lip 2024 · FFEL loans can be consolidated into a direct consolidation loan, which opens the door to a broader range of repayment and loan forgiveness options.
13 wrz 2024 · You must first consolidate your FFEL Loans into a Direct Consolidation Loan to be eligible for PSLF. After consolidation, you can receive credit for previous full-time work with government and nonprofit employers.
7 lut 2024 · Borrowers with FFELP loans may want to consolidate to take advantage of more student loan benefits including Saving on a Valuable Education income-driven repayment and Public Service Loan...
22 wrz 2023 · Most types of FFEL loans can also be consolidated into a Direct Consolidation Loan. After you consolidate, you may become eligible for additional income-driven repayment plans that offer...
