Loan Consolidation

If you have multiple federal student loans, you may be able to combine them into one new loan through a single loan servicer. It is important to understand the effects of loan consolidation. 


Before you consolidate your loans, consider the following points using the loan balances above.


Unconsolidated loan repayment on the standard 10-year repayment plan


  • $13,504 paid over 120 months

  • $113 per month

Consolidated loan repayment over 15-year repayment period for consolidated loans


  • $15,483 paid over 180 months

  • $86 per month