Consolidation Prequalification Questions
1. Are you or your spouse a member of LDA?
This program is only available to members and their spouses. However,
you might qualify for a different consolidation program. Please contact
us for more information.
2. Are you (1) finished with school, (2) will be finished within the next six months or (3) considered to be a less than half-time student?
We're sorry, but federal legislation has eliminated the in-school consolidation option. You are now only able to consolidate if your loans are in a grace period, deferment or forbearance, or in repayment. Please contact
us for more information.
3. Do you have at least $40,000 in student loan debt?
We're sorry, but you must have at least
$40,000 in federal student loan debt to consolidate.
Please contact
us to verify your loan balance.
4. Are you currently in default on any of your student loans?
We're sorry. Federal regulations do not allow the consolidation
of defaulted loans. Please contact
us for more information.