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Can borrowers add additional loans to their consolidation loan?

April 26, 2017additional borrowers consolidation loan Loans

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Can borrowers add additional loans to their consolidation loan?

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Yes, by law, borrowers have 180 days after the consolidation is disbursed to add fully disbursed loans. After the 180 days is exhausted, the only way to add loans is to “reconsolidate”. This process requires the borrower to have a new loan(s).