Combining all loans in to one is called Loan Consolidation. This results in to fixed weighted average interest rate of all the loans being consolidated.

 

Following kinds of federal student loans are eligible for consolidation:

 

• Subsidized Federal Stafford Loans

• Unsubsidized and Nonsubsidized Federal Stafford Loans

• PLUS loans from the Federal Family Education Loan (FFEL) Program

• Supplemental Loans for Students

• Federal Perkins Loans

• Nursing Student Loans

• Nurse Faculty Loans

• Health Education Assistance Loans

• Health Professions Student Loans

• Loans for Disadvantaged Students

• Direct Subsidized Loans

• Direct Unsubsidized Loans

• Direct PLUS Loans

• FFEL Consolidation Loans and Direct Consolidation Loans (only under certain conditions)

• Federal Insured Student Loans

• Guaranteed Student Loans

• National Direct Student Loans

• National Defense Student Loans

• Parent Loans for Undergraduate Students Auxiliary Loans to Assist Students