Consolidate Subsidize Document For Free

You don't need student loan consolidation for PSLF if you already have Direct Loans. So unless you have an excellent reason to consolidate, it may be best to avoid it, at least until the new program rules go into effect in July 2023.

Only loans you received under the Direct Loan Program are eligible for PSLF. Loans you received under the Federal Family Education Loan (FFEL) Program, the Federal Perkins Loan (Perkins Loan) Program, or any other student loan program are not eligible for PSLF.

Direct Subsidized Consolidation Loan ? combines federal student loans eligible for interest subsidies, such as subsidized FFELP and Direct Loans, and Federal Perkins Loans. Direct Unsubsidized Consolidation Loan ? combines federal student loans not eligible for interest subsidies.

Most federal student loans?including Direct Loans and FFEL Program Loans?are eligible for consolidation.

Do you need to consolidate student loans for PSLF? PSLF consolidation is only required in order to make your federal student loans eligible for an income-driven repayment plan.

Do you need to consolidate student loans for PSLF? PSLF consolidation is only required in order to make your federal student loans eligible for an income-driven repayment plan.

The only option for parent borrowers outside of the standard, graduated and extended repayment plans is to consolidate their parent Plus loan into a direct consolidation loan to become eligible for the income-contingent repayment plan.

Only federal Direct Loans can be forgiven through PSLF. If you have other federal student loans such as Federal Family Education Loans (FFEL) or Perkins Loans you may be able to qualify for PSLF by consolidating into a new federal Direct Consolidation Loan.