12.02.09 | What Types of Loans may be Consolidated Under the Direct Loan Program?
Federal loan consolidation is something that many students have turned to these days to minimize their monthly payment, but what loans are considered under this program? Below is a list of qualified federal loans.
- Subsidized Stafford Loans
- Unsubsidized Stafford Loans
- Federal Plus Loans – for parents and graduate or professional students
- Federal Consolidation Loans (excluding joint spousal consolidation loans)
- Federal Perkins Loans
- Certain Health Professions and Nursing Loans
Note:Â To consolidate a Federal Perkins Loan or Health Professions/Nursing Loan into a Direct Loan Program, you must also consolidate at least one FFEL program Loan or Direct Loan.
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Filed under: Consolidation
