You may be able to extend your repayment terms, pay a lower average interest rate, reduce your monthly payment amount, fix your interest rate or simply benefit from having a singular, simplified and streamlined monthly payment amount.
However, loan consolidation is not always the answer.
To request technical assistance while signed in and completing the Federal Direct Consolidation Loan Application and Promissory Note online, select the “Contact Us” tab in the top menu bar of Student
From there, you can either complete and submit the feedback form or select “Additional Information” and contact the Student Loan Support Center at the phone number provided.
You can also consider deferment or forbearance as options for short-term payment relief needs.
Once your loans are combined into a Direct Consolidation Loan, they cannot be removed.
Note: If any loan you want to consolidate is still in the grace period, you can delay entering repayment on your new Direct Consolidation Loan until closer to your grace period end date.
You will indicate this when you apply, and the consolidation servicer will wait to process your application until the appropriate time.
Top Repayment of a Direct Consolidation Loan can begin 60 days after the loan is disbursed, or sooner.
Top A Direct Consolidation Loan has a fixed interest rate for the life of the loan.