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Loan consolidation can be helpful for borrowers who want to combine their eligible federal student loans into a single Direct Consolidation Loan.

It's important to understand and carefully consider all factors before consolidating.

Learn more about Direct Consolidation Loans on the Federal Student Aid site Apply now at Student Private student loans are NOT eligible for consolidation into a Direct Consolidation Loan.

You may also add eligible loans to your existing Direct Consolidation Loan using the form below – if you are within 180 days of the date we paid off the first loans you are consolidating.

After 180 days, you will need to apply for a new Direct Consolidation Loan.

Request to Add a Loan to an Existing Federal Direct Consolidation Loan Mail your completed form to: Navient - Department of Education Loan Servicing Attn: Loan Consolidations Originations P. Box 6180 Indianapolis, IN 46206-6180 The interest rate is calculated by the weighted average of the interest rates of the loans consolidated, rounded up to the nearest 0.125 percent.

So, the interest rate on a consolidation loan may be higher than the underlying loans.

However, the interest rate is fixed for the life of the loan.

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The extended period makes the monthly payment amount more manageable; however, the longer your loans are in repayment, the more interest you will pay over the life of the loan.

“So Fi refinancing my student loans probably saved around K. Or, call us for a free consultation about your particular situation.

Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing.

Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance.

It’s just people, and they want to help.”- Brittany, So Fi member Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans.

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