Just completed rehab

[sumognat]

Hi,

 

My federal Direct Loans were just rehabbed and moved back to Direct Loans on 1/31/07. My next loan payment is in March 2007--they seem to have me in some sort of forebearance limbo for the month of February.

 

I would like to consolidate my loans via the federal loan consolidation program. When would be a good time to apply? Should I wait until I make my first payment to Direct Loans to make sure that I don't interfere with the rehab process?

 

Thanks in advance!

Edited February 8, 2007 by sumognat

[Cynic]

Any time. Having a month before a payment is due after your loan is "sold" back to DE is normal. You may want to check interest rates on your loans to see if its a rate you want to be locked in at.

 

Until the consolidation is complete you need to make monthly payments, but you can apply at any time.