Another question, what consequences can I have if I do not recertify my family size and income before the annual deadline?
In this instance, any unpaid interest will be capitalized added to the principal balance of your loans. This will increase the total cost of your loans over time, because you will then pay interest on the increased loan principal balance
Can I ask something else? with respect to the Federal Loan. What other loans are eligible?
Most loans from the William D. Ford Federal Direct Loan Program and the FFEL Program are eligible for this plan.