Do I qualify for student loan consolidation?

Qualifying for student loan consolidation

You’re sitting at your desk surrounded by bills and paperwork. With so many school loan payments to make at a variety of interest rates, you’re probably asking yourself how you can simplify the process. Student loan consolidation can definitely simplify at least part of the process.

When choosing a lender, you should be able to request a free, no obligation information package that clearly outlines the necessary qualifications for student loan consolidation.

So what does it take to qualify for student loan consolidation? The following list should get you started:

• If applying for federal consolidation, you must have more than $10,000 in outstanding federal student loans.
• Any U.S. citizen or resident can apply for a private consolidation loan. You can request a minimum of $10,000 and up to $250,000.
• You do not need to be employed to apply for a federal student loan consolidation.
• If applying for a private student loan consolidation, you will be required to show proof of employment along with other records and references.