Few common questions regarding the consolidation process, eligibility criteria etc have been addressed in this article. As we have already dealt with the advantages of consolidation, we will not delve in to that topic.
- What is the difference between FFEL consolidation and Direct Consolidation?
Differences if any must be checked with the office to which the consolidation application is being sent. If at all there are any differences, they will be mainly in the domain of the number of loans that you can consolidate, minimum amount for consolidation, requirement of documents for each type of loan, variation in the electronic debit system of repayment and repayment plans.
