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Who is Eligible for Consolidation?
If you currently have a loan with SLND, you are eligible to consolidate
with us. If you are not currently doing business with SLND, you may still
be eligible. Call 1-800-472-2166, ext. 5660 to learn more. The following
information will help you decide if a consolidation loan is right for you.
Any one of the following conditions meet eligibility requirements.
- If you have student loans with more than one lender, or
- If you have delinquent or defaulted loans you may be eligible to consolidate. Satisfactory repayment arrangements
with the holder of the loans prior to applying for consolidation is required.
Also, wage garnishments must be lifted and judgements vacated. (Credit
bureaus will continue to show that you defaulted on your original loan).
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