Loan Consolidation | Financial Aid

A Direct Consolidation Loan allows a borrower to consolidate (combine) multiple federal student loans into one loan. The result is a single monthly payment instead of multiple monthly payments.

General information

Reasons to consolidate

Reasons not to consolidate

What kinds of loans can be consolidated?

When can I consolidate my loans?

Generally, you are eligible to consolidate after you graduate, leave school or drop below half-time enrollment.

What are the requirements to consolidate a loan?

If you consolidate your loans, you do not need to pay any application fees and you will not be charged any prepayment penalties.

When do I begin repayment?

Repayment of a Direct Consolidation Loan begins immediately upon disbursement of the loan. (Your first payment will be due within 60 days.) The payback term ranges from 10 to 30 years, depending on the amount of education debt being repaid and the repayment plan you select.

How do I apply for a Direct Consolidation Loan?

There are two ways that you can apply for a Direct Consolidation Loan:

  1. Apply online at under the Manage Loans dropdown.
  2. Download a paper copy of the application and promissory note at

I still have questions, where do I go?

Find more information on the Federal Student Aid website:

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