After I have submitted my consolidation application do I continue to pay my current loans?

    Published: 06-16-2009
    Views: 20,756
    Justin Draeger with the National Association of Student Financial Aid Administrators explains what happens after you submit a consolidation application.

    Host: After I have submitted my consolidation application do I continue to pay my current loans?

    Justin Draeger: Once you have submitted your consolidation application, it is important that you continue to keep all of your loans current and that means making payments on them until you receive notification from each loan provider that your loan obligation has been met in full. You dont want to just drop the ball because if there is any type of delay in your consolidation paperwork, those loans will fall the link then.