How do i get a federally backed consolidation of my student loans?

i have a lot of loans from college weighing me down and i need to get them consolidated. however, the catch is, i need a federally backed consolidation so that the army will in turn accept those for payment (i am enlisted and want my college loans to go away).

Hi tludwig.,

The first thing is you need to make sure that you are not in default on any of them, because the Army won't repay any that are in default.

Also make sure that you meet all the requirements. I put a link that describes them below.

Once you're all set there, go to http://loanconsolidation.ed.gov/borrower/borrower.shtml . You can apply right there at the Federal Direct Consolidation Loan site.

Good luck,

Ken

Try www.xlservicing.com or Direct Loans..those are the two I have loans with..

Also, I guess I am not sure what "federally backed" means - does it mean that the loan consolidation company has to be insured by the federal government? Or does it mean that your loans have to be consolidated through a government considation loan?

If you mean federally insured - most banks and loan programs are. You just need to clarify what that means.