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Find out how to simplify your loan payments and potentially save money through federal loan consolidation.

What is Federal Loan Consolidation?

A Direct Consolidation Loan allows you to consolidate multiple federal student loans into one loan at no cost to you.

Why would I want to consolidate my loans?

Depending on your goals for repayment, there are four main benefits to consider when it comes to consolidation:

• If you have federal student loans with different loan servicers, consolidation can greatly simplify loan repayment by giving you a single loan with just one monthly bill.
• Consolidation can lower your monthly payment by providing access to additional income-driven repayment plans or by giving you more time to repay your loan (up to 30 years) if you choose the Standard or Graduated repayment plan.
• A Direct Consolidation Loan has a fixed interest rate for the life of the loan.
• The fixed rate is the weighted average of the interest rates on the loans being consolidated.
• You retain benefits that are exclusive to federal student loans such as multiple repayment plans, loan deferment or forbearance options, and even loan forgiveness programs.

When can I consolidate my loans?

Generally, you're eligible to consolidate after you graduate, leave school, or drop below half-time enrollment. The loans you consolidate must be in repayment or in a grace period.

How do I consolidate my loans?

Head to the website to get started.

What are my repayment options?

Visit the for a full breakdown of your options.