What are the requirements for getting approved for student loan consolidation?

In New Mexico, the requirements for getting approved for student loan consolidation are relatively straightforward. First, you must have more than one loan. This means you must have at least two different loans, from two different lenders, in order to be eligible. Second, you must be the borrower of record for the loans you want to consolidate. This means that the loans you want to consolidate all must have you as the borrower, and not someone else such as a parent or guardian. Finally, you must be in repayment on all of the loans you want to consolidate. This means that your loans must all already be past the grace period and you must be actively making payments on them. If you meet all of these requirements, then you should be eligible for student loan consolidation in New Mexico. After you submit your application and have all of your loans verified, you will have to wait for a decision from the loan servicer. If approved, the servicer will then start the process of consolidating your student loan debt and you will have to sign a new consolidation loan promissory note.

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What are the requirements for getting approved for student loan consolidation?

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