Private Loan Consolidation

Eligibility

Here's what you need to be eligible for a Private Consolidation loan:

• $7,500 to $125,000 in eligible private educational student loans
• You (or, if necessary, your co-applicant) must:
  - be a U.S. citizen or permanent resident
  - possess a good credit history
  - have the ability to repay the loan

An eligible private educational student loan is:

• Originally issued for the purpose of paying educational expenses under the U.S. Department of Education Title IV program OR in conjunction with obtaining certification to practice in a professional field
• Used to pay for educational expenses¹
• Reported to a credit reporting agency as a student trade or certified as used for education
• Currently in repayment
• Not more than 60 days delinquent

1. Credit card debt, home equity lines of credit, loans used exclusively for computer purchases and/or travel, and unsecured lines of credit accumulated for educational expenses cannot be included.