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Home > Consolidations > Federal Loan Consolidations
Now Available - Federal Grad PLUS Loan for Graduate/Professional Students
Click to consolidate your student loans

FEDERAL STUDENT LOAN CONSOLIDATIONS
from Studentloans.com

Combine your school debt to help reduce your overall monthly payment amount.


We are sorry but we have temporarily stopped offering federal consolidation loans.
Please check back with us again.

The Higher Education Act (HEA) provides for a loan consolidation program under the Federal Family Education Loan (FFEL) Program. Under this program, a borrower’s federal school loans are paid off and a new consolidation loan is created. This program simplifies loan repayment by combining several types of Federal education loans (that may have different terms and repayment schedules or may have been made by different lenders) into one new loan. The interest rate may be lower than on one or more of the underlying loans. In addition, the monthly payment amount on a consolidation loan is usually lower and the amount of time to repay may be extended beyond what was available in the separate loan programs. These features should result in more manageable debt and should make borrowers less prone to default.

Do you have $35,000 or more in outstanding federal student loans? If so, Studentloans.com provides attractive borrower benefits to assist you in repaying your student loans. Consolidation loans can significantly reduce your monthly payments by extending the number of repayment years and taking advantage of up to 0.85% in interest rate reductions.

0.25% interest rate reduction for enrolling in automatic payments from a checking or savings account (also referred to as ACH)

Additionally, all borrowers get a 0.6% interest rate reduction per federal rule when they consolidate within the grace period, which is the period within 6 months of graduation.

In total, up to 0.85%* interest rate savings from Studentloans.com can generate tremendous savings over the life of your loan

We are sorry but we have temporarily stopped offering federal consolidation loans.
Please check back with us again.

ELIGIBILITY:
You may consolidate federal student loans in a grace, deferment, or repayment status. The following loans are eligible for federal loan consolidation:

  • Federal and Federal Direct Stafford Loan (subsidized and unsubsidized)
  • Federal and Federal Direct PLUS (in borrower's name only)
  • Federal Perkins (formerly known as National Direct Student Loan or NDSL)
  • Nursing School Loan (NSL)
  • Health Professional Student Loan (HPSL)
  • SLS (Supplement Loan for Students)
  • Loans for Disadvantage Students (LDS)
  • Federal Insured Student Loan (FISL)
  • Federal Consolidation Loan
  • Federal Direct Consolidation Loan
*All borrower benefits are subject to certain terms and conditions. Studentloans.com reserves the right to modify or discontinue these benefits at any time without notice. For full details, click here.
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