What to Know About Recertification on an Income-Driven Plan
Student Loan Planner
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Consolidating Loans With Different Numbers of Qualifying Payments
As long as your repayment history overlaps for each loan, the consolidation loan will be credited with the largest number of payments. For example, if you had 50 qualifying payments on one subsidized stafford loan and hundred qualifying payments on another subsidizedStafford loan, and you consolidate those two loans, you will receive 100 qualifying payments on the new direct consolidation loan. So what we have literally been seeing is people consolidating their loans with this situation. They'r undergrad, and their grad school loans just going ahead and consolidating now,. Getting credit for what the oldest loans payment count was, even though those grad school loans didn't exist before then. But does that make a sense? How i'm
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