Consolidating Your Government Student Loans

A Consolidation Loan allows you to combine your federal student loans into a single loan with one monthly payment which can be significantly lower than the payment required under the standard 10-year repayment option. Under the Federal Family Education Loan (FFEL) Program banks secondary markets credit unions and other lenders provide the Consolidation Loans. Under the William D. Ford Federal Direct Loan (Direct Loan) Program the federal government provides the loansMost federal education loans