ECFR 220 Consolidation Program 

ECFR 220 Consolidation Program 

1. Qualifying Loan Types for Direct Consolidation 

1. Subsidized Federal Stafford Loans 

2. Unsubsidized and Nonsubsidized Federal Stafford Loans 

3. PLUS loans from the Federal Family Education Loan (FFEL) Program 

4. Supplemental Loans for Students 

5. Federal Perkins Loans 

6. Nursing Student Loans 

7. Nurse Faculty Loans 

8. Health Education Assistance Loans 

9. Health Professions Student Loans 

10. Loans for Disadvantaged Students 

11. Direct Subsidized Loans 

12. Direct Unsubsidized Loans 

13. Direct PLUS Loans 

14. FFEL Consolidation Loans and Direct Consolidation Loans (only under certain conditions) 

15. Federal Insured Student Loans 

16. Guaranteed Student Loans 

17. National Direct Student Loans 

18. National Defense Student Loans 

19. Parent Loans for Undergraduate Students 

20. Auxiliary Loans to Assist Students 

2. Qualifying Origination Dates 

1. All origination dates qualify 

3. Eligibility 

2. The loans you consolidate must be in repayment or in the grace period. 

3. Cannot consolidate an existing consolidation loan unless you include an additional eligible loan in the consolidation. 

4. If you want to consolidate a defaulted loan, you must either make satisfactory repayment arrangements which is defined as three consecutive monthly payments that pay off the past due balance on the loan before you consolidate, or you must agree to repay your new Direct Consolidation Loan under  

• Income-Based Repayment Plan, 
• Pay As You Earn Repayment Plan, 
• Revised Pay as You Earn Repayment Plan, or 
• Income-Contingent Repayment Plan. 

5. If you want to consolidate a defaulted loan that is being collected through garnishment or judgment, you cannot consolidate the loan until the garnishment has been lifted or the judgment has been vacated. 

4. Special Circumstances for Eligibility  

1. Delinquent or Defaulted FFEL Consolidation Loan – Can be consolidated if they are not under wage garnishment or judgement and the borrowers repays their new Direct Consolidation Loan under an income-driven repayment plan. 

2. FFEL Consolidation Loan with no other loans to consolidate – Customer must be PSLF Qualified; or 

5. Special Circumstances after Consolidation 

1. FFEL Consolidation Loan to use the no accrual of interest benefit for active-duty service members, which states that you’re not required to pay the interest that accrues during periods of qualifying active-duty military service (for up to 60 months) on the portion of a Direct Consolidation Loan that repaid a Direct Loan Program or FFEL Program loan that was originated on or after Oct. 1, 2008.