Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a borrower with a defaulted Federal Family Education Loan Program loan consolidate into the William D. Ford Direct Loan Program?

April 26, 2017borrower consolidate defaulted Education family Federal loan program william d. ford direct loan program

0

Posted

Can a borrower with a defaulted Federal Family Education Loan Program loan consolidate into the William D. Ford Direct Loan Program?

1 Answer

0

Posted

Yes. The changes in the law permit an FFELP borrower who does not also have FDLP loans to consolidate under the FDLP if the borrower is in default, and the FDLP consolidation loan will resolve the default.