Federal Consolidation Loan Eligibility

student loan article

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)