Federal Loan Consolidation

Loan consolidation may be an option if you have multiple lenders, variable interest rates, significant loan debt and/or different loan types. It allows you to combine multiple federal loans into one new loan at a fixed interest rate. Students do not have to be in repayment or grace statues to consolidate.

For more information go to William D. Ford Direct Loan Consolidation call 1-800-557-7392

Eligible Loan Types – 

    • Stafford Loans
    • Perkins Loans
    • Health Profession Student Loans (HPSL)
    • William D. Ford Direct Loans
    • Grad PLUS Loans

For a list of all your federal loans – https://nsldsfap.ed.gov/nslds_FAP/

A federal consolidation cannot include private loans.


Loan consolidation offers both benefits and disadvantages. 


    • Fixed interest rates
    • Single lender
    • Lower, more manageable payment
    • Extended repayment period (up to 30 years based on loan total)


    • Longer repayment term
    • Greater interest paid over life of loan
    • Interest may be slightly higher than on original loan due to rounding
    • May lose certain deferment options
    • May lose current forgiveness benefits
    • May lose current loan incentives