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What Is Student Loan Consolidation?

If you want to make just one monthly payment for all your student loans, consider consolidating them. When you apply for student loan consolidation, multiple loans are combined into a single loan. In order to give you a simple single monthly payment, student loan consolidation may also allow you to extend your repayment period, access additional repayment plans, and switch all your loans to a fixed interest rate.

Find out which loans are eligible for consolidation, and get the information you need to decide whether it’s a good idea for you to consolidate your loans.

Which Student Loans to Consolidate

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Most types of federal student loans can be consolidated, including:

  • Direct Loans (Subsidized or Unsubsidized).
  • Direct PLUS Loans.
  • PLUS loans from the FFEL Program.
  • Federal Stafford Loans (Subsidized or Unsubsidized).
  • Federal Perkins Loans.
  • Loans for Disadvantaged Students.
  • Supplemental Loans for Students.
  • Health Education Assistance Loans.
  • Health Professions Student Loans.
  • Nursing Student Loans.
  • Nurse Faculty Loans.

Direct PLUS loans received by a parent to help pay for a