Consolidate Your Student Loans Now

The Student Loan Consolidation Program enables anyone with more than $7,500 in outstanding Federal student loans (including PLUS loans) to reduce monthly student loan repayments and lock in at the lowest interest rates in recent history.

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Recent Grads - Maximize Your Savings & Maintain Your Grace Period

If you recently graduated and are still in your grace period (i.e. you have not started repaying your loans), you may be eligible to get an additional 0.60% interest rate reduction for the life of your loans. Don't delay - this special rate reduction could save you thousands of dollars. You can also request to maintain your grace period while locking in the lowest rate.

What is a Consolidation Loan?

A Federal Consolidation Loan is part of the family of loans available under the Federal Family Education Loan (FFEL) program as authorized by the Federal government. The Federal Consolidation Loan program was established by Congress to help student borrowers manage the burden of Federal student loan debt.

With a Federal Consolidation Loan, you can combine all or some of your outstanding education loans into a single new loan, even if your loans are currently held by more than one lender and are of different loan types. By consolidating your student loans you can also choose a flexible repayment term and then fix today's low interest rates for the life of your loan.

By consolidating your loans, you can reduce your interest rates by up to 1.25%. Plus, there are additional savings of 0.60% if you consolidate your loan within your Grace Period (i.e. the period after you graduate and before you begin repaying your loans). When you apply for consolidation, there are no fees or credit checks.

You can consolidate any of the following loans:

(note that combined loan amounts must equal $7,500 or more to consolidate)

Federal Stafford Loans, unsubsidized and subsidized [including Guaranteed Student Loans (GSL)] Direct Stafford Loans, unsubsidized and subsidized Federal Supplemental Loans for Student (formerly Auxiliary Loans to Assist Students/ALAS and Student PLUS Loans) Federal Perkins Loans, formerly National Defense/National Direct Student Loans (NDSL)

Health Professions Student Loans, including Loans for Disadvantaged Students (HPSL) Federal Insured Student Loans (FISL) Federal PLUS (Parent) Loans Direct PLUS Loans Federal Consolidation Loans, unsubsidized and subsidized Direct Consolidation Loans, unsubsidized and subsidized Nursing Student Loans (NSL)

NOTE: You may consolidate an existing consolidation loan only if you are combining that loan with at least one other eligible loan.