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Loan Consolidations

What is a Consolidation Loan?

The Federal Student Loan Consolidation Program offers borrowers with multiple loans or high balances the opportunity to consolidate those loans into a single payment and, in many instances, schedule the consolidated loans to be repaid over a longer period, thus reducing your monthly payment to a manageable amount.

Loan Consolidations can offer the following benefits:

  • Reduces the number of loan payments you must make each month.
  • Lowers your total monthly education loan payment amount.
  • Extends your repayment period.
  • Can help you avoid loan default and/or poor credit rating.
  • Can help you return a defaulted loan to good standing.

To learn more about Loan Consolidations, determine if you are eligible, and understand the added benefits of consolidating through GSFC, check out our Loan Consolidations section.

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