Loan Consolidation

Student Loan Consolidation, also called a Consolidation Loan, combines several student or parent loans into one larger loan from a single lender, which is then used to pay off the balances on the other loans. Consolidation loans are available for most federal loans, including FFELP (Stafford, Grad PLUS, PLUS and SLS), FISL, Perkins, Health Professional Student Loans, NSL, HEAL, Guaranteed Student Loans and Direct loans. Some lenders offer private consolidation for private education loans as well.

Completely understand your rights and responsibilities for loan consolidation before you begin the process of consolidating your loan. A good place to start is with the U.S. Department of Education Loan Consolidation website.

Use the U.S. Department of Education Consolidation Loan Checklist to determine if loan consolidation is right for you.

Another good resource for loan consolidation information is the FinAid website.

If you wish to consider loan consolidation after reviewing the websites above and the completing the checklist, click on your lender as listed below for your lenders loan consolidation procedures.

If your lender is not listed, go to to locate your lender. Your will need your U.S. Department of Education PIN to access your data. If you do not know your PIN, go to

For more information on the Federal Student Direct Loan Program, such as interest rates, forbearance, deferment, loan consolidation or repayment, click here.