Scribd Logo
Importer

Bienvenue sur Scribd !

  • Description: Tags: GEN0620AttachB

    Transféré par

    anon-527377
    9 vues1 page
    1) Loans can be consolidated into either a FFEL or Direct Consolidation Loan if the loan is in grace, repayment, deferment, forbearance, or default status. Loans that are in-school cannot be consolidated. 2) Consolidation loans can be consolidated with additional loans, including other consolidation loans. 3) A Direct Consolidation Loan can only consolidate a single FFEL Consolidation Loan if that loan is delinquent, in default, or the borrower has filed for bankruptcy discharge of the loan.

    Description originale:

    Titre original

    description: tags: GEN0620AttachB

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Formats disponibles

    DOC, PDF, TXT ou lisez en ligne sur Scribd

    Avez-vous trouvé ce document utile ?

    Ce contenu est-il inapproprié ?

    Signaler ce document
    1) Loans can be consolidated into either a FFEL or Direct Consolidation Loan if the loan is in grace, repayment, deferment, forbearance, or default status. Loans that are in-school cannot be consolidated. 2) Consolidation loans can be consolidated with additional loans, including other consolidation loans. 3) A Direct Consolidation Loan can only consolidate a single FFEL Consolidation Loan if that loan is delinquent, in default, or the borrower has filed for bankruptcy discharge of the loan.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    9 vues1 page

    Description: Tags: GEN0620AttachB

    Transféré par

    anon-527377
    1) Loans can be consolidated into either a FFEL or Direct Consolidation Loan if the loan is in grace, repayment, deferment, forbearance, or default status. Loans that are in-school cannot be consolidated. 2) Consolidation loans can be consolidated with additional loans, including other consolidation loans. 3) A Direct Consolidation Loan can only consolidate a single FFEL Consolidation Loan if that loan is delinquent, in default, or the borrower has filed for bankruptcy discharge of the loan.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    Attachment B

    CONSOLIDATION LOAN MATRIX


    October 2006

    Consolidation Loan Scenarios Consolidate into… Condition or Limitation


    FFEL Direct
    Any Loan
    Lender
    All Loans
    Loan in Grace or Repayment Status Yes Yes May consolidate one or more loans

    Repayment status includes loans in If loan is in default, only if borrower has made
    deferment and forbearance and loans that are satisfactory repayment arrangements with the holder
    delinquent or in default. or agrees to repay the consolidation loan under an
    income sensitive (FFEL) or income contingent
    repayment (DL) plan.

    Loan in an in-school status No No Borrower may not request to be converted from an


    in-school status on a loan to repayment status.
    Loan not fully disbursed No No A loan is not considered to be in repayment until it is
    fully disbursed.
    Consolidation Loans
    Consolidation loan with one or more Yes Yes Additional loan may be another consolidation loan.
    additional loans

    Single Consolidation loan only No Yes Only for a FFEL Consolidation Loan that is
    delinquent, in default, or the borrower has filed an
    adversary action in a bankruptcy proceeding for
    discharge of the loan.
    No Direct Loans or FFEL Loans
    Perkins and/or Health Professions loans only Yes No Direct Loan regulations do not allow consolidation
    unless there is at least one FFEL or Direct Loan
    included.

    Vous aimerez peut-être aussi