Loan Holder Consolidation
Revised Electronic Loan Verification Certificate for Use Beginning January 1, 2021
The following new data element was added to the eLVC:
- Is any loan listed above a joint consolidation loan? Yes or No. If you answer “Yes”, you must enter Loan Type Code W (Education loans ineligible for consolidation) in Column 7 for any joint consolidation because it was made jointly to married borrowers.
Federal consolidation servicers will use and accept the old eLVC through December 31, 2020. Loan holders should be prepared to receive and return the revised eLVC beginning January 1, 2021.
The revised eLVC and the paper LVC can be accessed at the following URL:
If you have questions about the revised eLVC, contact FedLoan Servicing at:
- Email: Directloanconsol@myfedloan.org
- Telephone: (717) 720-2110