What is Federal Loan Consolidation?

• Consolidation allows you to combine eligible federal education loans into one new, fixed interest rate loan.

• Consolidation may allow you to reduce your monthly payment amount. (Beware: If you lower your payment amount, it will take you longer to repay your loan and therefore you will pay significantly more interest.)

What are the Pros and Cons of Consolidating?

• I am/was an undergraduate student

• I am/was a graduate student

• I am/was a law or medical student

• I am a parent

LEARN MORE

• What is consolidation?
• Why choose VSAC?
• Am I eligible?
• Should I apply during my grace period?
• What will my repayment terms be?
• Other frequently asked questions