Federal Loan Consolidation
Make sure consolidating your student loans is right for you.
If you're having trouble making your monthly student loan payments, then consolidation may be the right option for you. Federal student loan consolidation allows you to combine one or more existing student loans into a single new loan with a new repayment schedule.
You'll have lower monthly payments, but you will pay much higher interest over the life of the loan because you'll be making smaller payments over a longer time.
All federal student loan consolidations are now processed by the U.S. government through the Federal Direct Loan Program (FDLP).
Visit StudentAid.gov to get more details and apply for a consolidation loan or visit StudentAid.gov/pslfwaiver for more information on if consolidating for the purposes of the PSLF waiver is right for you.