Consolidating student loans after college


25-Aug-2020 10:28

Learn more about loan rehabilitation and loan consolidation.Unless you make three voluntary, on-time, full monthly payments on a defaulted loan before you consolidate it, your choice of repayment plans for the new Direct Consolidation Loan will be limited to one of the income-driven repayment plans.

Another option for getting out of default is to consolidate your defaulted federal student loan into a Direct Consolidation Loan.

If you make three voluntary, on-time, full monthly payments before consolidating, you can choose from any of the repayment plans available to Direct Consolidation Loan borrowers.