The following outlines some of the basic eligibility criteria to qualify for a Federal Student Loan Consolidation through ELF.
- All loans to be included in the consolidation must be in a grace period or repayment status (including loans in a deferment or forbearance status).’
- Loans in a default status are NOT eligible for consolidation
- Loansin an in-school status are NOT eligible for consolidation
- The total combined balance of all eligible federal student loans to be included in the consolidation must be at least $25,000.
The following loan types are eligible for consolidation:
- FFEL Subsidized and Unsubsidized Stafford Loans (SS/US)
- Direct Subsidized and Unsubsidized Stafford Loans (DSS/DUS)
- FFEL PLUS Loans
- Direct PLUS Loans
- Graduate PLUS Loans
- FFEL Consolidation Loans
- Direct Consolidation Loans (Variable and Fixed)
- Federal Perkins Loans
- Supplemental Loans for Students (SLS)
- Health Professions Student Loans (HPSL)
- Federal Nursing Loans
- Federal Insured Student Loans (FISL)
- Guaranteed Student Loans (GSL)
