A Consolidation Loan is designed to help student and parent borrowers simplify loan repayments by allowing the borrower to combine several types of eligible federal student loans with various repayment schedules into a single loan. A Consolidation Loan simplifies the repayment process by allowing the borrowing to make just one payment each month. The interest rate on a Consolidation Loan is the weighted average of the loans being consolidated. Managing Agency Department of Education Program Contact Information & Web Resources Additional useful information about loan consolidation may be obtained from the U.S. Department of Education, at: http://www.ed.gov/topics/topicsTier2.jsp?top=Financial+Aid&type=T&subtop=Repaying

You may also contact the Department of Education at this toll-free number: 1-800-557-7392

People who are deaf or hard of hearing may call this toll-free TTY number: 1-800-557-7395