02-21-2017 11:56 PM
I was wondering how many times one can consolidate federal student loans.
I can't seem to find a limit which begs the question: why can't someone default, consolidate and default, consolidate etc. over and over?
02-22-2017 07:46 AM
I found the following on their website:
So there are certain circumstances where you could reconsolidate a consolidation loan, but I doubt a loan in default would be one of those circumstances.
02-22-2017 10:17 PM
"Borrowers can consolidate a single federal consolidation loan if the loan is in default status or has been submitted to a guaranty agency for default aversion by the loan holder"
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