Federal student loan consolidation is sometimes necessary to take advantage of student loan forgiveness programs or income-driven repayment.
Written By: Michael P. Lux, Esq.
Did you know?
Consolidation can cause your debt to temporarily double on your credit report.
This happens when the new loan is reported to the credit bureaus, but the old loans are not yet removed.
Federal consolidation is one of the few times that borrowers get to pick their loan servicer.
Borrowers considering PSLF should select MOHELA as they handle all of the PSLF applicants.