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How to get approval for your Student Loans Consolidation

Students who have left school, graduated, or dropped below half-time enrollment are qualified to consolidate their federal loans. There's no credit requirement for the consolidation of federal student loans. There are, however, several other conditions restricting who can apply for a direct consolidation loan.

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How to get approval for your Student Loans Consolidation

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  1. How to get approval for your Student Loans Consolidation  007 Credit Agent

  2. Students who have left school, graduated, or dropped below half-time enrollment are qualified to consolidate their federal loans. There's no credit requirement for the consolidation of federal student loans. There are, however, several other conditions restricting who can apply for a direct consolidation loan:

  3. Based on the type of loan, the loans you want to consolidate should already be in repayment or grace period, which lasts for six months after you graduate, leave school, graduate, or drop below half-time enrollment. • Generally speaking, if you have consolidated a loan already, you can not combine it again without merging another qualifying loan too. • Unless you make three straight monthly payments on the loan before consolidation or agree to repay your current direct consolidation loan under one of the income-related repayment programs, the loans you choose to merge can not be in default. • Similarly, consolidating a defaulted loan obtained by wage garnishment – or in compliance with a court order – is not permitted until the garnishment order is lifted or the judgment is vacated.

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