Benefits consolidating direct loans

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You must still include at least one Direct Loan or Federal Family Education Loan to qualify.

There is no limit to how many times you can change.

If you are already consolidated but have one loan which is not, you can add that one loan into the consolidation.

Is there a minimum or maximum loan amount that qualify? If you are in default, you can consolidate under the Income Contingent Repayment Play or Income Based Repayment Plan.

I am already consolidated, can I consolidate again? Can I delay my application so I dont lose my grace period? Will consolidating clear the default notation from my credit? This allows your payment to be based on your annual income, which often times will allow you to qualify for a very small payment and in some cases even a payment amount of zero.

Can I consolidate if I am currently enrolled in school? There are multiple plans to repay your student loan, one of which is the Income Based Repayment Plan.

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