This simplifies your financial situation and makes it easier to keep track of loan terms, payments, and other information you need to know.
This isn’t a solution that works well for everyone (even if you do have several different loans to manage).
Although the Perkins Loan program came to an end in September, 2017, old Perkins Loans are still eligible for consolidation, as well.
If you have a PLUS loan in the name of a parent, that loan cannot be transferred to the student during consolidation.
If you want to explore private student loan consolidation, you’ll need to work with a private lender.
Requirements and eligibility will vary from one to another.