Free Repayment Guide » In Grace » Manage Student Loan Accounts » Consider Consolidation

Consider Consolidation

Consolidation is simply refinancing or paying off multiple loans with one new loan.  The loans that are consolidated or paid off (which your lender calls your “underlying loans”) go away, and any terms and conditions that were originally attached to or part of the loans also go away, because the original loans no longer exist.

Benefits:

Potential Costs:

To see which your loans are eligible for consolidation, visit the Direct Loan consolidation Web site (Direct Loans) or contact your lender (FFEL Loans).

Chaperone Assist ⇒ Student Loan Chaperone can guide you through the tradeoffs of consolidation.

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