Consolidating Your Loans
What is Loan Consolidation?
Student and parent borrowers can consolidate (combine) multiple federal student loans with various repayment schedules into one loan through a Direct Consolidation Loan (through the Department of Education). The result is a single monthly payment instead of multiple monthly payments, which makes it easier for borrowers to manage their debt.
- During your grace period.
- Once you've entered repayment.
- During any period of deferment or forbearance.