My quick questions is =

If you default on a Sallie Mae loan and consolidated the loan with W.D. Ford Direct Loans; should your loans report as "transferred/sold/current with notations of 90 days late"?

I thought loans that were consolidated were "paid off" not "transferred".

Sallie Mae is reporting my paid/consolidated loans as transferred.

If anyone knows - please tell me....

If you consolidated, they can certainly use the term "transferred" or "sold". After all, you didn't actually pay it off, and it WAS in default. It's very likely the loans had been transferred to a collection entity before you consolidated.

Looks right to me.

Thanks for replying...

Did not go into collections.

US Dept ED reports other loans as paid/paying as agreed "no balance"
Sallie Mae reports these as "transferred/current was 90 days late".

I consolidate 2 loans then added 2 new loans.

The Sallie Mae's were the older loans. No collections but just went into default when consolidated them.