Consolidation
Consolidation allows you to refinance any or all-eligible outstanding federal student loans and create on new loan with one monthly payment. The consolidated loan will have a fixed interest rate, new terms and may have an extended repayment plan of up to 30 years. Be aware however, once you have consolidated, you generally cannot consolidate again unless you borrow subsequent loans. Consolidation is only available for Federal loans. Alternative loans cannot be included in your federal loan consolidation. We suggest you talk with a lending institution for further information.
