Borrowers with several federal loan programs may be able to obtain a Federal Consolidation Loan that combines all federal loan payments into a single monthly payment.
NOTE: Private Educational Alternative Loans may not be consolidated into a Federal Consolidation Loan.
Consolidated monthly payments may be lower than the combination of individual payments, and the repayment period can usually be extended. Consolidated loans may help borrowers avoid delinquent or default situations.
For more information visit the Direct Consolidation Loans Information Center or call 1-800-557-7392.