How to Consolidate Student Loans

  • You can combine multiple student loans into one with loan consolidation.
  • You’ll apply for loan consolidation through the federal government online or via the mail.
  • When you consolidate, you’ll get a fixed interest rate that is an average of your old loans’ rates.
  • Read more of Insider’s student loan coverage here.

Keeping track of multiple monthly federal student loan payments can be a headache. Student loan consolidation can help streamline the process and make it easier for you to manage your financial obligations. 

What is loan consolidation?

Consolidating a loan means you are combining multiple federal student loans into one.

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