Federal School Loan Consolidation

Learn everything you need to know about federal school loan consolidation here. We'll explain who qualifies for it and what it can do for you.

Qualifying for Federal School Loan Consolidation

Federal school loan consolidation is a federal program offered through individual lenders. The federal government imposes limits on the interest rates of these consolidation loans, but there are no minimum interest rates. To qualify for the free federal school loan consolidation program, you must have federal student loans and meet the following requirements:

Are not enrolled in school more than half time
Have never previously consolidated your loans
Loans are in a repayment or grace period

Examples of Qualifying Student Loans

Virtually all federal loans qualify for federal school loan consolidation. Here are some examples of the federal loans that are most commonly consolidated:

Unsubsidized and subsidized Stafford loans
Federal Direct Loans
Federal Perkins Loans
PLUS loans for parents and Grad PLUS loans
Supplemental Loans for Students

Benefits of Federal School Loan Consolidation

Save thousands with low interest rates fixed for the life of your loan
Reduce your monthly payment burden by as much as 60%
Complete entire process online with easy, online application
Sign up for automatic debit and get an additional 0.25% rate reduction
Retain all federal borrower benefits
Enjoy flexible repayment options
No charges, fees, or prepayment penalties
No credit checks or co-signers needed
Additional interest rate reductions for making consecutive, on-time payments
0.6% interest rate reduction on school loan consolidation during grace periods

Learn about our private school loan consolidation on the next page.