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Home > Admissions & Financial Aid > Financial Aid > Financial Aid Handbook > Consolidation of Loans

Federal Student Loan Consolidation

Federal Student Loan Consolidation is available under the Federal Family Education Loan (FFEL) program as authorized by the Department of Education. Federal Loan Consolidation is designed to help individuals who have high monthly student loan payments. With Federal Loan Consolidation, you can consolidate all or some of your outstanding federal education loans, even if your loans are currently held by more than one lender and are of different loan types. Federal Loan Consolidation creates a single, new loan with one monthly payment.