FFEL Consolidation Loans/ FFEL Unallocated Consolidation Loans

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FFEL Consolidation Loans/ FFEL Unallocated Consolidation Loans include two or more separate loans and combine them into one new loan. These loans are taken with a bank or other private agency and not through the Federal Direct Loan Program. Consolidation loans that are taken with the Servicer or the Federal Direct Loan Program are not counted in this figure.

Note: Effective July 1, 2010, no new loan disbursements will be made under the FFEL program except where a previous disbursement was made prior to July 1, 2010. All future loans will be made under the Direct Loan Program.

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