Does anyone in the group have FFEL loans? They are federal loans that were privately backed which puts them in a bit of a weird category. I’m unable to receive the Coronavirus relief and i assume if any mass forgiveness were given it would not apply to FFEL but I was able to apply to apply for Borrower Defense.
Essentially they require you consolidate if approved for the DTR. I recently received my mass denial letter along with everyone else as well and i’m trying to figure out my next steps.
What i’m debating is FFEL loans can be consolidated by the department of education essentially making a new loan that doesn’t fall into this weird category and are just Federal.
If I did that, would that make me ineligible to re-apply for the DTR? Which is essentially what I want to try doing again. If anyone has experience or can offer any help with this i’d really appreciate it!