About Student Loans


Consolidation Loans

If you have several federal student loans, you may be able to combine — or consolidate — them into one loan. You may consider this option in order to:

  • Lower your monthly payment amount by extending the repayment period,
  • Lock in a fixed interest rate for the entire repayment period of the loan, and/or
  • Combine multiple loan balances under a single loan holder — the U.S. Department of Education (ED) — so that you have to make only one monthly payment.

Remember, however, that you are not required to consolidate your federal student loans. Consolidation is a decision that you should not take lightly. Because consolidation is often a one-time decision, you'll want to learn as much as possible before deciding.

Access the Direct Consolidation Loans website for more information about obtaining a Direct Consolidation loan.

If you have already obtained a FFELP Consolidation loan, see Frequently Asked Questions for additional information.

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