In-school Status Consolidation – borrowers can only consolidate loans that are already in grace, repayment, forbearance, deferment, delinquent or default status. This means that any loans you currently have accumulating that are paying for your present education cannot be consolidated. Effective July 1, 2006
Reconsolidation – existing consolidation loans can be reconsolidated (into a Direct loan) if they include an FFEL or Direct loan or are an FFEL consolidation loan that is attempting to avert default. In plain English, if you have one of our loans we can help. Effective July 1, 2006
Joint Consolidation with Spouse – married couples cannot join their consolidation loans together as a single federal loan. Effective July 1, 2006
Freedom of Choice – the US Department of Education declared that up to 40% of students with federal loans will be unable to choose their college loans consolidation lender. This is dependent upon loan type and local consolidation options. Effective March 31, 2006
