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Once borrowers leave their In-School status, they may combine multiple federal student loans into one new loan with a fixed interest rate (based on the weighted average interest rate of the loans that are being consolidated).

  • Borrowers with multiple lenders and/or multiple loan servicers may elect to consolidate for the convenience of making a single payment to a single servicer.
  • Borrowers with FFEL debt who plan to pursue public interest jobs may consolidate eligible loans into a Direct Consolidation Loan in order to make qualifying payments for Public Service Loan Forgiveness.
  • Federal student loan consolidation is available through the William D. Ford Direct Loan program.
  • It could take the federal processor several months to finalize a borrower's Direct Federal Consolidation Loan Application. Borrowers may apply anytime after they leave school and, to avoid forfeiting existing grace periods, select the Consolidation Hold Option on the online application.
  • Apply online at https://studentloans.gov
    1. Confirm which loans you are consolidating, choose your Loan Servicer, and (if the borrower is in a grace period) elect to have the application processed closer to the end of that grace period.
    2. Select a repayment plan.  Borrowers interested in income-driven repayment plans will be able to complete that repayment plan request online.
    3. Review the terms and conditions of the Consolidation Loan.
    4. Complete borrower and reference information (address, contact information, employer, references)
    5. Review, edit, and sign the application online.