Student Loan Consolidation

Consolidating Your Student Loans

The process of loan consolidation can be simply defined as combining many different loans into a single loan. With loan consolidation, you can simplify the payment process and pay back the loan with a single fixed interest rate that is lower than the combined individual interest rates of all your loans. Consolidation may also extend your loan repayment term, resulting in lower monthly student loan payments.

Ask an Enrollment Advisor About Your Options

Our enrollment advisors are here to help you evaluate your student loan consolidation options. They will walk you through every step of enrollment and help you choose a repayment plan.

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Eligibility Requirements

The following requirements must be satisfied in order to consolidate several student loans into a single loan.
  • The loans that are to be consolidated must contact at least one Direct Loan or an FFEL loan.
  • The borrower must make necessary repayment arrangements with the lender or they will be required to choose one of the following repayment plan for their new consolidated loan:

Income-Based Repayment

Income-Contingent Repayment

Pay As You Earn Programs

Other Consolidation Questions

What are the benefits of a student loan consolidation?


Streamlined Monthly Payments – Don’t worry about more than one loan payment.

Lower Interest Rate – The interest rate for your new consolidated loan is based on the average interest rates of all your student loans. So, if your loans have a variable interest rate, you may get the consolidated loan at a fixed lower interest rate.

Single Monthly Payments – Consolidation simplifies the repayment process by consolidating multiple monthly payments into a single payment.

Extended Repayment Term – Loan consolidation gives you an extension in the repayment term, which results in lower monthly payments and increased affordability.

Affordable Repayment Plan – Loan consolidation gives you another chance to select a repayment plan that best suits your circumstances.

What types of federal loans are eligible for consolidation?


  • Direct PLUS loans
  • Supplemental loans for students
  • Federal nursing loans
  • Stafford loans, both subsidized and unsubsidized
  • Federal Perkins loans
  • Direct loans, both subsidized and unsubsidized
  • Health education assistance loans
  • PLUS loans taken out under the FFEL programs

How does the consolidation process work?


An individual can apply for loan consolidation once they graduated from school. The Direct Consolidation Loan application form can be obtained online or from the US Department of Education (DoE) and can be submitted in both electronic and paper form.

The borrower may apply for loan consolidation on their own, or they may seek assistance from a student loan debt relief organization like Simple Repayment.

How can we help?


Student loan consolidation can be really helpful for individuals who are defaulting on their loan repayments due to financial hardships and are looking for an affordable option to get rid of their student loan debt. Loan consolidation offers several benefits, such as lower interest rate, repayment term extension, alternative repayment plan, etc. However, the process is complicated and requires extensive documentation.

This website can help you pay off your student loans and build a sound financial future. We provide our customers complete and accurate information regarding their loan forgiveness and consolidation options. In addition to this, we guide you throughout the application process and make sure that you get your desired results.