how do you consolidate student loans

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Enter which loans you do 鈥?and do not 鈥?want to consolidate.Choose a repayment plan. You can either get a repayment timeline based on your loan balance or pick one that ties payments to income. …Read the terms before submitting the form online. Continue making student loan payments as usual until your servicer confirms consolidation is complete.

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  • How to consolidate federal student loans?

  • How to consolidate federal loans 1 Enter which loans you do 鈥?and do not 鈥?want to consolidate. 2 Choose a repayment plan. You can either get a repayment timeline based on your loan balance or pick one that ties… 3 Read the terms before submitting the form online. Continue making student loan payments as usual until your servicer… More …

  • How long does it take for student loan consolidation to start?

  • Your repayment term will generally start within 60 days of when your consolidation loan is first disbursed and will be based on your total federal student loan balance, among other factors. Should I consolidate my student loans?

  • How do I add a loan to a Direct Consolidation Loan?

  • Select the 鈥淎dd Loans鈥?button in the 鈥淪elect Loans to Consolidate鈥?portion of Step 1. Then type in your loan info. Many FFEL Program borrowers get reduced interest rates for paying on time. But if you add a FFEL Program loan to a Direct Consolidation Loan, you can lose your rate reduction.

  • What are the credit requirements for student loan consolidation?

  • There are no credit requirements for federal student loan consolidation. However, there are several other requirements that limit who can apply for a direct consolidation loan:

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