After I have submitted my consolidation application do I continue to pay my current loans?
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Justin Draeger
Spokesperson, National Association of Student Financial Aid Administrators
Justin Draeger is Assistant Director for Communications with the National Association of Student Financial Aid Administrators (NASFAA). Prior to joining NASFAA, Justin worked as the lead analyst for the Michigan Guaranty Agency. Justin began his career in student aid 10 years ago working as the financial aid administrator for the Douglas J Aveda Institute in East Lansing, Michigan. Justin earned a Bachelor’s of Science Degree in Resource Management from Brigham Young University and his MBA in Finance from Baker College. He has presented at several conferences in both the financial aid and business management fields and continues to publish nationally. Justin has been tapped for his expertise on student financing by CNBC, Fox Business News, The New York Times, Wall Street Journal, Boston Globe, Kiplinger, Business Week, National Public Radio, and more.
After I have submitted my consolidation application do I continue to pay my current loans?
Justin Draeger with the National Association of Student Financial Aid Administrators explains what happens after you submit a consolidation application.
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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.
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