Consolidating plus stafford loans

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The Direct Consolidation Loan that repaid the Parent PLUS loans could then be repaid under ICR (but still can’t be repaid under IBR).What this means is that Parent PLUS Loan borrowers who consolidate those loans into Federal Direct (as we say in the South) earn Public Service Loan Forgiveness, if they owed “enough”, didn’t earn “too much”, and met all the requirements.

If you have already consolidated your federal loans in the past, you may also be able to re-consolidate and add other outstanding federal student loans using a Federal Direct Consolidation Loan.Since Sallie Mae is no longer a federally owned entity (since 2004), Sallie Mae student loans are not eligible for Federal Direct Consolidation.They are, however, eligible for consolidation with private lenders.If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan Consol@Nelnet.net, fax (402.858.3929), or mail to: Nelnet P.

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