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Browse: Home / MONEY / Loan

Can one with the Army loan repayment consolidate with a cosigner and still be eligible?

KingChristianOne: Can one with the Army loan repayment consolidate with a cosigner and still be eligible?
I have two non-qual bank loans, and one stafford loan. If I consolidate these loans will the consolidated loan be eligible? Could said consolidated loan have a cosigner and still be eligible?

Answers and Views:

Answer by Gordon Scumway
no consigner is needed

Answer by NWIP
It needs to be a Federal loan to be eligible for the Repayment plan. You will also be sacrificing part of your enlistment bonus if it is offered and the GI Bill. You need to determine if getting the Bonus is better to pay off the Loan and then qualify for the GI Bill.

Answer by J S
has to be federal loan.

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