Loan Consolidation

Upon leaving school, a student may want to consider loan consolidation. There are federal programs that enable students to combine federal loans into one new loan with a single payment.

This payment may be lower than the sum of payments required if the loans were in separate simultaneous repayments. Additional costs are involved in the consolidation and the repayment period may be longer.

More information on Loan Consolidation is available online at loanconsolidation.ed.gov.