Tuesday, August 4, 2009

List of Loans Eligible for Consolidation

Here is a quick list of the loans that can be and cannot be consolidated.


Student Loans from the following programs are eligible for Consolidation Process:

  • Federal Family Education Loan Program(FFELP): Federal Stafford Loan, Federal PLUS Loan, SLS (Suplemental Loan for Students) and consolidation loans thereof.
     
  • Federal Direct Loan Program(FDLP): Stafford, PLUS and consolidation loans thereof.
     
  • Federal Perkins Loan.
     
  • Federally Insurance Student Loan (FISL).
     
  • Health Professions Student Loans (HPSL), including Loans for Disadvantaged Students.
     
  • Nursing Loan Program (NSL). 
  • Health Education Assistance Loans (HEAL). 

Student Loans not eligible for Consolidation:

  • Non-federal loans obtained through banks, universities or other private financial institutions.


SOURCE: www.student.net

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