The payments must be voluntary, consecutive, and on-time to count. If you choose this option, you are eligible to repay your Direct Consolidation Loan under any repayment plan you want.
After your defaulted loan is consolidated, you are again eligible for benefits such as deferment, forbearance, and loan forgiveness. You will also regain your ability to secure further federal student aid.
Note: The loan consolidation method does not remove the record of Big Boss votethe defaulted loan from your credit history.
