Consolidating your student loans can help you and your parents simplify repaying your loans by allowing you to combine several types of federal student loans with various repayment schedules into one loan with a single repayment schedule.

Current instability in FFEL has caused many lenders to reexamine participation in the Federal Consolidation Loan Program. As a result, borrowers may have difficulty finding a participating lender. If after careful consideration of the pros and cons of consolidating your loans consolidation is the best option for you, contact your lender or apply for a Federal Direct Consolidation Loan.