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Student loan headed for default. Original loan amount was 25,000. Consolidated once 15 years ago with new york higher ed. Then loan went back to direct loan. Now serviced thru mohela. Loan amt is now 70,000.Am i able to consolidate again. When i call loan servicer they have no options for me.




Is it a federal student loan or a private student loan? Also tell something about your financial situation. Will answer accordingly.

Sub: #1 posted on Thu, 05/02/2019 - 21:43

David Martin David Martin

(Posts: 203 | Credits: )

If it is private student loan, the take out a consolidation loan to repay it. If it is federal, then you have to repay it through the federal student loan repayment program.

Sub: #2 posted on Fri, 05/03/2019 - 05:01

sanderspatricia29 sanderspatricia29

(Posts: 1129 | Credits: )

As long as I know MOHELA acts as a federal loan servicer, so you can't consolidate your loan at all. Talk to them again if you can get an easy repayment option.
Mean while you can check out this - https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation

Sub: #3 posted on Mon, 05/06/2019 - 01:58

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

Yes, MOHELA acts as a federal loan servicer so you can't consolidate the loan my friend.

Sub: #4 posted on Mon, 05/13/2019 - 00:29

Barbara Delinsky Barbara Delinsky

(Posts: 429 | Credits: )

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