A consolidation loan is a federal student loan that combines multiple federal student loans into one loan to lower monthly payment and make repayment more manageable. This loan is made to students who have entered their grace or repayment period on their loans. Consolidating your loans may result in the loss of benefits and incentives offered by the current holder of your loans. Please contact your lender directly if you believe there are benefits associated with your loans before you consider consolidating.Please visit the Direct Consolidation website.
