Frequently Asked Questions

Q: Will my student loan payment be reduced?
Q: Can I defer my payments?
Q: Will consolidation threaten the benefits I get from subsidized student loans and programs like Pell Grants?
Q: How do I determine if I am eligible for a Direct Consolidation Loan?
Q: Can I apply for federal loan consolidation programs myself?
Q: Can My PLUS Loan be consolidated?
Q: Can I consolidate my Perkins Loan?
Q: Can I Consolidate Health Professions Loans?
Q: Can I consolidate if I am still in school?
Q: Can I consolidate now if I already consolidated in the past?
Q: Can I consolidate my loans if they are in grace?
Q: Can I delay consolidation, or the application, until the grace period ends?
Q: What repayment plans are available with student loan consolidation?
Q: How many times can I change repayment plans?
Q: When can I consolidate my loans?
Q: Can I consolidate my loans if I am a part-time student?
Q: What are the Requirements for Loan Consolidation?
Q: What is the best way to apply for a Direct Consolidation Loan?
Q: How long does it take to get a Consolidation Loan approved?
Q: How long does it take to pay off a Direct Consolidation Loan?
Q: Do I need a lawyer to apply for a debt Consolidation Loan?
Q: Do I need professional help to apply for a Debt Consolidation Loan?
Q: Can debt consolidation help me avoid calls or letters from debt collectors?
Q: Can consolidation get my student loans out of collection?
Q: My income is limited. Can I still apply for consolidation?
Q: Where can I find more information about student loan consolidation?
Q: What is the difference between student loan consolidation and deferment?
Q: Which is better – consolidation or deferment?
Q: What is the difference between student loan consolidation and forbearance?
Q: What is the difference between consolidation and bankruptcy?
Q: Can Consolidation Loans be eliminated by bankruptcy?
Q: Can privately-issued student loans be included in consolidation?
Q: If I have no federal student loans can I take advantage of consolidation?
Q: Will consolidation affect my ability to take out additional student loans in the future?
Q: Is there a minimum or maximum amount of debt required for student loan consolidation?
Q: Can I use Credible to refinance my student loans if I didn’t graduate?
Q: What are the benefits of consolidating my student loans?