You can consolidate your defaulted federal student loan into a Direct Consolidation Loan. Loan consolidation allows you to pay off one or more federal student loans with a new consolidation loan
Are you looking to consolidate a defaulted federal student loan into a new Direct Consolidation Loan?
I would like to do that
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so I need to make 3 payments before consolidating or how does that work?
You need the payments to consolidate then the required payment amount will be determined by your loan holder
then what happens after it is consolidated?
Your Direct Consolidation Loan will be eligible for benefits such as deferment, forbearance, and loan forgiveness. You’ll also be eligible to receive additional federal student aid.
so I can join two loans into one with this?
Loan consolidation allows you to pay off one or more federal student loans with a new consolidation loan
Did you want reconsolidate a defaulted Direct Consolidation Loan?
yes