Student Loan Consolidation Eligibility
The Federal Student Loan Consolidation Program has no application fees and allows students to consolidate one or more eligible federal student loans into a new, single loan at a fixed interest rate and combining all debt into a single monthly payment. Borrowers can extend the repayment period, which can lower the monthly payments by up to 50%.
Am I eligible for student loan consolidation?
In order to be eligible for student loan consolidation, your federally-guaranteed student and
parent loans should:
Loan types eligible for the Federal Student Loan
Consolidation Program
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Federal PLUS Loans
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Federal Direct PLUS Loans
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Federal Perkins Loans
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Federal Subsidized and Unsubsidized Stafford
Loans
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Federal Direct Subsidized and Unsubsidized
Stafford Loans
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Federal Supplementary Loans (SLS)
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Federal Insured Student Loans (FISL)
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Federal Nursing Student Loans (NSL)
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Health Professionals Student Loans (HPSL)
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Health Education Assistance Loans (HEAL)
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Loans for Disadvantaged Students (LDS)
If you have a question about whether or not you are eligible
for student loan consolidation, call us toll-free at (866)
LOAN-566.
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