Can I Consolidate All of My Student Loans?

A federal loan made by the U.S. Department of Education that allows you to combine one or more federal student loans into one new loan. As a result of consolidation, you will have to make only one payment each month on your federal loans, and the amount of time you have to repay your loan will be extended.  Before determining if consolidating your loan is right for you, you need to weight out the pros and cons of consolidation.  We encourage you to research before making this decision.  Here are a few things to consider:

Who can I consolidate with?

You would need to apply with the Department of Education for a Federal Direct Consolidation Loan through  To ask questions about consolidating your loans before you apply, contact the Federal Loan Consolidation Information Call Center at 800-557-7392.

How do I consolidate?

Once you log into, you will be able to electronically complete the Federal Direct Consolidation Loan Application and Promissory Note.  The electronic application consists of five easy steps.  After you submit the application, the consolidation servicer selected will complete the actions required to consolidate your eligible loans.  The consolidation servicer will be your point of contact for any questions you may have related to your consolidation application.  It is critical that you continue making payments on your current loans. 

Which loans can I consolidate

The following loans may be consolidated: Federal Direct Subsidized Loans, Federal Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, Unsubsidized Federal Stafford Loans, Federal Direct PLUS Loans, PLUS loans with FFEL Program, Supplemental Loans for Students, Federal Perkins Loans, Federal Nursing Loans, Health Education Assistance Loans and some existing consolidation loans. 

Do I loose any of my benefits?

To ask questions about consolidation before you apply, contact Federal Loan Consolidation Information Call Center at 800-557-7392. 

What would my interest rate be?

The consolidation loan has a fixed interest rate until the loan is paid in full. The fixed rate is based on the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of 1%. There is no cap on the interest rate of a Federal Direct Consolidation Loan.  For an example of a weighted average interest rate, visit website.

We strongly encourage you to contact the Federal Direct Loans program if consolidation makes sense for you.  For more consolidation information visit

Federal Direct Loans
Phone: 800-557-7392


In this Section