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How do you determine which student loan debts are eligible for savings?

A breakdown on eligibility for student loan accounts

Updated yesterday

📌 Do I need federal loans for this to work?

Yes. This tool only works with federal student loans. If your loans are private, we unfortunately can’t help reduce those through federal programs.


📋 What types of federal loans don’t qualify?

Some federal loans aren't always eligible until they're consolidated. This includes:

  • FFEL (Federal Family Education Loans)

  • Perkins Loans

  • Parent PLUS Loans (these have limited options and usually have to be consolidated to qualify for income-driven plans)


🕒 I’m still in school or not in repayment yet—does that matter?

Yes. If you’re:

  1. Still in school

  2. In your grace period

  3. On deferment or forbearance

You may not be eligible to switch plans or apply until repayment begins.


My loans are in default—could that be the reason?

Yes. Loans in default aren’t currently eligible for any income-driven repayment plans. Once they’re brought back into good standing, options may become available.


🔄 My info looks off—what should I do?

Try waiting for your loan data to sync again. This happens usually every 45 days. If anything still seems wrong, reach out to our support team and we’ll take a closer look.

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