Department of education consolidating federal loans
Borrowers in the IBR plan can only change into the Standard Repayment Plan.
The extra time you take increase interest over your loan.
If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).
If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], or mail to: Nelnet P.
If you are in default, you can consolidate under the Income Contingent Repayment Play or Income Based Repayment Plan.
If you are already consolidated but have one loan which is not, you can add that one loan into the consolidation. You can certainly contact the Department of Education and see what programs you qualify for and apply.
Borrowers who are in the ICR plan must make at least 3 consecutive payments into the Direct Consolidation Loan account before changing to another plan.