Consolidating process

Consider federal consolidation if you: When you consolidate federal loans, the government pays them off and replaces them with a direct consolidation loan.

You’re generally eligible once you graduate, leave school or drop below half-time enrollment.

Most conflicts are straightforward, but when multiple DOIs and instances of conflict creation are involved, our conflict reports and resolution processes become unwieldy.

Ultimately the important thing to identify is what DOIs are not distinct, not when or how many times the conflict has been introduced and re-introduced.

Your repayment term will generally start within 60 days of when your consolidation loan is first disbursed and will be based on your total federal student loan balance, among other factors.

If you’re considering either federal or private student loan consolidation in order to get a drastically lower loan bill, look further into income-driven repayment instead.

This process should be a seamless improvement for members with DOI conflicts, making conflicts easier to identify and resolve, but if you run into any issues or have questions please contact [email protected]

Consumers can use debt consolidation as a tool to deal with student loan debt, credit card debt and other types of debt.

If a conflict is flagged as ‘resolved’ (meaning no DOI is flagged as the ‘prime’ DOI), subsequent deposits of the DOIs will re-activate the conflict status and trigger a new conflict ID.

We are in the midst of consolidating existing conflict IDs into a single ID, and identifying and resolving situations where a DOI conflict has been resolved in some way but reopened.

Those include the option to tie payments to income and get loans forgiven if you work for the government or a nonprofit.

Like the federal government, private companies offer the option to consolidate multiple student loans into one.

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