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Federal Student Loan Consolidation

A consolidation loan combines federal student or parent loans into a single loan with one monthly payment, which can be significantly lower than the payment required under the standard 10-yearrepayment option.

The Department of Education provides the consolidation loans. Most federal education loans are eligible for consolidation, such as Stafford, Perkins and Nursing loans. PLUS Loan borrowers (parent borrowers) also can consolidate their loans.

Student borrowers are eligible to consolidate there loans after they graduate, leave school or drop below halftime enrollment. PLUS Loans (parent borrowers) are eligible for consolidation once they are fully disbursed.

For more detailed information about Loan Consolidation visit:

Federal Student Aid (U.S. Department of Education)

To view your loan history including amounts, dates, status and lender, visit the U.S. Department of Education National Student Loan Data System (NSLDS) at

Private (Alternative) Loan Consolidation

If you have private student loans (also referred to as alternative loans), you may want to consider consolidating these loans. In order to learn more about private loan consolidation and which institutions offer this service, visit