Federal Loan Consolidation

The Student Loan Network Federal loan consolidation program offers a practical repayment option that allows you to bundle all of your federal student loans into one single loan. Monthly savings from consolidation can be as much as half your previous student loan payments, providing payment relief after graduation, when you need it most.

Benefits of Federal Loan Consolidation

In addition to significantly reducing your monthly payments, consolidation can lower your debt to income ratio and improve your credit score. Student loan consolidation allows you to stretch your repayment period from the standard 10 years to up to 30 years, depending on the total amount of your student loans. The lower monthly payment means you'll have more money available to meet other living expenses, including car payments, housing expenses, and career-related necessities. 

Online Federal Loan Consolidation Application

Who is Eligible for Student Loan Consolidation

Anyone who took out federal student loans while attending college may be eligible for federal student loan consolidation. This includes federal Stafford Loans, Federal Direct Loans and Perkins Loans. Eligibility requirements include:

• Loans must not be in default
• Borrower must have graduated or be enrolled less than half-time

If you need more information you can learn how loan consolidation works in this step-by-step tutorial. Also, take a look at our frequently asked questions. Parents who took out PLUS loans for their children's education, check out our PLUS loan consolidation section.

If you have already consolidated your federal student loans, you should consider consolidating your private student loans. Check out our section on private student loan consolidation.

Related Consolidation Options

• Private student loan consolidation program
• Student loan consolidation frequently asked questions
• Federal Direct Loan consolidation program
• PLUS loan consolidation program

Online Federal Loan Consolidation Application