Federal Student Loan Consolidation
Federal student loan consolidation allows for more manageable student loan repayments
along with additional monthly savings. Refinancing can lower your monthly payment
by stretching repayment periods depending on how much you owe in federal student
Recent legislative cuts have made federal student loan consolidation very difficult
and the majority of companies consolidating federal student loans have suspended
participation in their federal student loan consolidation programs. There are still
consolidation programs that could help you lower monthly payments and combine loan
payments for existing federal student loans. They are described below.
Stafford Loan Consolidation
Fixed rate consolidation programs could help save you up to 53% monthly from your
previous Stafford loan payments.
PLUS Loan Consolidation
A PLUS loan consolidation can bundle existing PLUS loans into a single loan with
a lower monthly payment. $20,000 in PLUS loans are required for this federal student
Graduate Stafford Loan Consolidation
Students who have completed their graduate studies can combine both previously consolidated
undergraduate student loans and new graduate student loans into one payment.
If you are looking for private student loan consolidation please visit our
private consolidation page. For more student loan consolidation information
please see our student loan consolidation